Treasury Management

Sovereign Bank offers a variety of cash management products and services to help our business customers streamline their cash flow and better manage their cash position. We believe these are important tools for every business, whether locally-owned or the Fortune 500 company. In addition, Sovereign Bank is committed to delivering these products with high quality customer service and attention to the details of your business.

Our products include Collection Services, Disbursement Services and Information & Control Options:

Collection Services:

  • Remote Deposit Capture
  • Wholesale Lockbox
  • ACH Origination
  • Electronic Funds Transfer
  • Zero Balance Accounts
  • Medical Lockbox

Disbursement Services:

  • ACH Origination / Direct Deposit
  • Tax Payments
  • Electronic Funds Transfer

Online Banking – BankSov-Secure:

  • Single Sign-On access to Online Banking, Remote Deposit Capture, E-Statements and Lockbox
  • Enhanced User Entitlement Controls
  • Centralized Payments & Transfers
  • Check Positive Pay Upload and Decision with ability to Search, View, and Print issued items
  • Secure File Transfer
  • Custom Account Reporting n clear, easy to read formats
  • Audit Reporting for user activity and transactions
  • Mobile Access for Account View, Transfers, Stop Payments, Approvals (Wires, ACH, Transfers)
  • Alerts via email or SMS/Text
  • Secure Browser Access with Integrated Multi-Factor Authentication, Out of Band Authentication, Keyboard Encryption, and Mutual Authentication
  • Mobile Tablet Application – coming soon!

Information & Control Options:

  • Positive Pay
  • ACH Blocking
  • E-Statements
  • CD Rom Statements

Additional Services:

  • Merchant Card Services
  • Corporate Credit Cards
  • Loan Sweep

For Customer Support, please contact:

972-713-1136
treasury@banksov.com

To learn more about these products or to discuss a specific need, please contact:

Danielle Bennett
Senior Vice President – Treasury Management
214-722-4821