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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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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.
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?
Electronically Reconcile Deposits
Easily track daily deposits and reconcile accounts.
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