EBS Vs. LockBox Statement

Hello, I'm having little confusion between EBS Vs. LockBox Statement. Major confusion comes around when thinking around two statements are imported, processed and automatically updates GL.

FYI: I'm familiar with what EBS(Statement which consists of transactions) and Lockbox (A/c @ Bank to handle payments from customer). Does the EBS statement includes all the transactions at Bank, except Lockbox transactions?

Thanks in Advance!

Sam