Our Lockbox service is an effective cash management tool that can improve your cash flow. It speeds up collection of Homeowners Association (HOA), Common Interest Development (CID) or Planned Unit Development (PUD) assessment. With HOA Lockbox1, we establish a post office box for your management company. From there, assessment payments can be quickly delivered, processed and deposited into your HOA accounts each day.
1. Funds deposited through the Lockbox will follow Western Alliance Bank’s funds availability policy as outlined in the Deposit Account Agreement Disclosure.