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In general, a lockbox is a post-office box (PO box) that is accessible by a bank. A company may set up a lockbox service with its bank for receiving customers' payments. The company's customers send their payments to the PO box. Then the bank collects and processes these payments directly and deposits them to the company's account.
It was made of wood and consisted of a locking system resembling the modern pin tumbler lock. [1] In the 16th century, blacksmiths in southern Germany, Austria, and France first forged cash boxes in sheet iron. These sheet-iron money chests served as the models for mass-produced cash boxes in the 19th century. [2]
Post office box, a rented secure mailbox at a post office; Safe, a secure lockable box used for securing valuable objects; Safes for holding keys Knox Box, a small, wall-mounted safe that stores the key to a building, used by firefighters and emergency services; Real-estate lock box, a box that stores the keys to a building, used by real-estate ...
Safe deposit boxes inside a Swiss bank. Safe deposit vault in Joplin, Missouri after the 2011 Joplin tornado, remaining intact despite the destruction of the bank that housed it. A safe deposit box, sometimes referred to as a safety deposit box, is an individually secured container, usually held within a larger safe or bank vault.
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Lock boxes can also be used for the general storage and security of keys for the use of familial access. Traditional real estate lock boxes are secured either with a manual key, a security code, or a swipe card, [ 1 ] while newer versions operate in tandem with mobile devices, incorporating logging and remote control and configuration.
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