Lockbox / Escrow
Our Services
Lockbox / Escrow
Lock Box is a service provided by Innovati Group Uk Ltd in partnership with Appla-x payment institution, to companies for their secure receipt of payment from senders of money and the subsequent secure payment to those beneficiaries designated by the payor under a specific and supervised method.
Innovati Group Uk Ltd in alignment with Appla-x payment institution will meet the needs of counterparties within a transaction and make sure that proper attention, security and quality of service is given to cash management regardless of size of business
Clients’ funds are strictly segregated and held outside of Appla-x payment institutions assets. All clients’ funds are deposited at all times with a banking institution as custodian. The banking institution will always reside with a tier one investment grade bank.