Lockbox

Paragon's lockbox service is an excellent cash flow management tool provided through an alliance with a trusted third party that specializes in lockbox and item processing. By allowing your customers' remittances to be mailed directly to an address controlled by Paragon, the bank will process and deposit the items for you. This reduces collection time on checks as well as administrative time and effort by your staff. Paragon's lockbox service offers a variety of information management and tracking features that can be customized to fit your business needs. Our primary lockbox site is in Atlanta, GA, known for its efficient mail collection. Additional sites throughout the US are available should our clients require reduced mail float for remittances concentrated in a specific region.