Lock Box
Typically when customers pay bills with cheques (like gas or water bills), the mail will go to a "lock box" at the post office. There a bank will pick up all the mail, sort it, open it, take the cheques and remittance advice out, process it all through electronic machinery, and post the funds to the proper accounts. In modern systems, taking advantage of the Check 21 Act, as in the US, many cheques are transformed into electronic objects and the paper is destroyed.
Read more about this topic: Cheque
Famous quotes containing the words lock and/or box:
“They learned to rattle the lock and key
To give whatever might chance to be,
Warning and time to be off in flight:”
—Robert Frost (1874–1963)
“If you like to make things out of wood, or sew, or dance, or style people’s hair, or dream up stories and act them out, or play the trumpet, or jump rope, or whatever you really love to do, and you love that in front of your children, that’s going to be a far more important gift than anything you could ever give them wrapped up in a box with ribbons.”
—Fred M. Rogers (20th century)