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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
Government Banking Account
Union Banking Account
Zero Balance Account
ACH & EDI
Tax Payments
Wire Transfer
Controlled Disbursement
Escrow Services
Account Reconciliation
Positive Pay

Disbursement & Reconcilement
Disbursement & Reconcilement Solutions For Government & Institutions
Our disbursement and reconcilement services allow you to monitor payables, manage your overall cash position, and reduce the amount of time you spend reconciling your accounts on a daily basis.

Government Banking Account
A checking account designed especially for municipalities, school districts, retirement boards, and other state and local government entities.
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Union Banking Account
A checking account designed specifically for labor unions and teamsters.
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Zero Balance Account
Ensure that maximum funds are available by consolidating balances from multiple sub-accounts into a single master account.
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ACH & EDI
Automatically initiate a funds transfer and receive timely reporting of ACH remittance information.
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Tax Payments
Make federal and state tax payments using a touch-tone telephone or the Internet.
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Wire Transfer
Quickly, reliably, and securely initiate immediate domestic or international transfers from your account to another account.
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Controlled Disbursement
Forecast short-term cash flows with early morning reporting of checks that will be presented for payment that day.
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Escrow Services
Reduce the cost of managing multiple escrow accounts by combining them into a single master account on a consolidated monthly statement.
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Account Reconciliation
Expedite checking account reconciliation through an automated delivery system.
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Positive Pay
Minimize exposure to check fraud by matching check-issued information you supply with the checks presented for payment daily.
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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?
Manage the Collection of Funds More Efficiently
Expedite the collection and processing of receivables.
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Access Real-Time Account Information
Electronically receive account and transaction data when you need it, and how you need it.
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Complete Payroll Solutions
Secure outsourced processing of payroll, taxes & HR records.
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Protect Assets and Employees From Risk
Prepare for the many risks your institution faces.
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Receive product news, online “special offers,” and more.
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