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Sovereign Bank
Cash Management: Disbursement & Reconcilement, Collections, Payroll Services, Insurance, Sovereign Benefits ConsultingInformation Reporting: Interactive Reporting and Initiation Services, eStatements, Fax Notification, CD-ROM Check Imaging, Electronic Data Interchange, Data ExchangeLoans & Investments: Investment Accounts, Wealth Management, Employee Pension Plan, Sweep Services, LendingCapital Markets: Investment Sales & Trading, Interest Rate Derivatives, Government Note Financing
Disbursement & Reconcilement   |   Collection   |   Payroll   |   Insurance   |   Benefits Consulting
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Retail Lockbox
Retail Lockbox For Government and Institutional Entities
Our Retail Lockbox Services help government and institutional entities minimize collection float, maximize accuracy, and hasten the funds availability of high-volume, low-dollar consumer payments.
Since we utilize state-of-the-art, automated processing equipment that captures images of all checks and remittance documents, 80% of the payments Sovereign handles can be captured, processed, proved, and posted without any human intervention.

After processing, transmissions and balance reporting to your Accounts Receivables systems can be tailored to your specifications, and are provided to you on a number of media and through several delivery channels.

Our Retail Lockbox Services serve the Northeast and Mid-Atlantic regions from facilities in Massachusetts and New Jersey.
Access Your Accounts
Next Steps
Call 877.506.9352
to speak with an
Institutional Banking 
Representative
Send an email and we will contact you within 24 hours
How May We Help You?
Easily Reconcile and Track Accounts
Expedite account reconciliation through an automated delivery system.
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