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Sovereign Bank
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Wholesale Lockbox
Wholesale Lockbox For Government and Institutional Entities
Our Wholesale Lockbox service helps government and institutional entities minimize collection float, maximize accuracy, and hasten the funds availability of low-volume, high-dollar consumer payments.
Remittances are mailed directly to an exclusive post office box that Sovereign maintains on your institution's behalf. Sovereign's lockbox staff then receives, processes, images, and deposits these payments.

Couriers make several daily pickups to multiple post offices in order to convert receipts more quickly to cash.

We also provide detailed daily reporting of receipt information to allow your institution to maintain control over the process.
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Next Steps
Call 877.506.9352 to speak with a Government Banking Representative
Send an email and we will contact you within 24 hours
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Electronically Reconcile Deposits
Easily track daily deposits and reconcile accounts.
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