Sovereign Bank

Retail Lockbox

Retail Lockbox Services For Businesses
Retail Lockbox helps your business to reduce administrative costs and expedite the funds availability of low-dollar, high-volume consumer payments.
Sovereign Retail Lockbox Services employ the latest imaging and transport technologies to speed collection, posting, and reporting of your business's high-volume, low-dollar consumer payments.

Benefits
  • minimize collection float
  • access deposited funds faster
  • maximize the processing accuracy of deposits
Sovereign Retail Lockbox Services serve the New England and Mid-Atlantic regions from facilities in Massachusetts and New Jersey.