Sovereign Bank

Wholesale Lockbox

Wholesale Lockbox Services For Businesses
Sovereign's Wholesale Lockbox services are flexible enough to accommodate a variety of needs, and include solutions for businesses with high-dollar, low-volume check payments.
Sovereign's Wholesale Lockbox services provide a way to significantly lower your administrative costs and improve your working capital by expediting the collection, processing, and depositing of low-volume, high-dollar business-to-business payments into your account.

Your payments are mailed directly to an exclusive post office box that Sovereign maintains on your behalf, which results in reduced mail float. Sovereign's lockbox staff then receives, processes, images, and deposits these payments.