What is the Fiscal Service’s Role?
At the Bureau of the Fiscal Service, we work with you to decide if a paper lockbox solution is the best way to meet your agency's or your program's collection needs. In some cases, a paper lockbox is not the best way for your agency to collect funds.
In helping to decide if a paper lockbox is the best solution, we consider factors such as:
Does the program collect enough to justify the cost of a lockbox?
Are the funds you collect best collected electronically?
Do you need paper remittances or original documents to meet legal or program requirements?
If we agree that a lockbox would help your program, we'll choose a financial institution to serve you. If a lockbox is not the best solution, we'll recommend other methods to your agency to collect the funds.