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:
“Time, which shows so vacant, indivisible, and divine in its coming, is slit and peddled into trifles and tatters. A door is to be painted, a lock to be repaired. I want wood, or oil, or meal, or salt; the house smokes, or I have a headache; then the tax; and an affair to be transacted with a man without heart or brains; and the stinging recollection of an injurious or very awkward word,—these eat up the hours.”
—Ralph Waldo Emerson (1803–1882)
“I have simply ordered a box of maniacs.
They can be sent back.
They can die, I need feed them nothing, I am the owner.”
—Sylvia Plath (1932–1963)