Lockbox for Research Payments

Lockbox for Research Payments

In August 2010, the Treasurer’s Office and Post Award Management teamed up to create a new lockbox with PNC Bank for handling research related payments. Lockbox banking simplifies the collection and processing of account receivables by having payments mailed directly to a location accessible by the bank. A lockbox benefits the University by improving our internal controls over cash receipts and enables the University to receive cash as soon as the check is processed in the lockbox. All payments coming to the lockbox are to be made payable to: Temple University-Of The Commonwealth System of Higher Education.

Lockbox Mailing Address

Overnight/Courier Mailing Address:
JPMorgan Chase-Lockbox Processing
Attn: Temple University Research Administrative Services
PO Box 22432
4 Chase Metrotech Center, 7th Floor East
Brooklyn, NY 11245

 

Identify the Lock Box in New Sponsored Agreements and Clinical Trials

When entering into new sponsored agreements and clinical trials please include the lock box address as the preferred location for payments.

Benefits of Using the Lock Box

  • Saves time by eliminating the need to visit the Bursar’s Office for Processing of research related payments. 
  • Eliminates the need to obtain approval from Post Award Management for the deposit.
  • Allows for immediate processing to your grant account in Banner Finance.
  • Documentation related to the payment is on file with Post Award Management for future reference.

If you have any questions concerning the lockbox or how to best utilize it, please feel free to contact one of our Post Award Management Specialist by email at rapost@temple.edu