Stedi Lockbox
Receive and track paper checks, paper remits, and other mail through the Stedi portal.
Stedi receives the mail, scans it, and deposits any check it finds into your Stedi Treasury account.
Benefits of Stedi Lockbox
A centralized address
Get a mailing address that receives payer mail on your behalf. Give it to payers that require a mailbox for paper checks or paper remits.
Automatic check deposits
Stedi scans each paper check and deposits it into your Stedi Treasury account. Check deposits appear in the Stedi portal the same way EFTs do.
Paper remits as PDFs
Paper remits – EOPs and EOBs – become PDFs with optical character recognition (OCR) text. You can process the contents downstream.
Every item scanned
Stedi scans every item of mail that arrives, not only checks and remits. You get the PDF scan, the OCR text, and the sender.
How it works
Scan, track, and manage your payer mail in Stedi
Payers don’t always pay electronically. Many still mail paper checks, and many mail paper remits – EOPs or EOBs – instead of ERAs.
That paper turns into manual work. Someone opens the envelopes, matches each check to its remit, and deposits each check manually. Stedi Lockbox does that work for you.
A centralized address
A Stedi Lockbox is a mailing address that receives payer mail on your behalf.
Give the address to payers that require a mailbox for paper checks or paper remits. You can also forward your mail there, or send mail to the lockbox yourself.
Automatic check deposits
When a Stedi Lockbox receives a paper check, Stedi scans it and deposits it into the associated Stedi Treasury account.
Check deposits appear in the Stedi portal the same way EFTs do.
Like EFTs, check deposits are paid out after they settle. The payment’s detail page includes a scanned image of the check.
Paper remits and other mail
When a Stedi Lockbox receives a paper remit, such as an EOP or EOB, Stedi makes it available in the related Stedi account as a PDF. Each PDF includes optical character recognition (OCR) text, so you can process the contents downstream.
The same applies to every other item of mail. You get the PDF, the OCR text, and the sender, then decide what to do next.
Get started with Stedi Lockbox
Stedi Lockbox is in private preview for Stedi production accounts. Reach out if you want to join the preview.