Cash Management
Settlement/Clearing
PCBB understands the needs community banks have to maintain an efficient, cost-effective process to settle their daily activity. We have established a simple streamlined method to increase your bottom line while saving valuable staff time
- Minimize idle balances
- Eliminate regulatory concerns
- Provide a high earnings credit on balances to offset service charges
- Generate high yields with the safe investments on excess balances through our "As Agent" Sweep Services
- Reduce operations effort to manage your daily cash position and investment decisions
HOW PCBB SETTLEMENT WORKS FOR YOU
- Using a Tri-party Agreement, PCBB accepts full settlement on your behalf.
- Your paper, image cash letters and other transactions are cleared through the FRB.
- All debits and credits are passed to the PCBB respondent's account for settlement.
- All balances, beginning, ending and intraday are maintained and settled at PCBB.
- Earnings on balances offset service charges.
- Excess balances automatically swept into our "As Agent" Program.
BENEFITS
- Eliminate your regulatory concerns regarding daylight or overnight overdrafts with your FRB account and Reg F.
- Maximize staff time with the automated end-of-day "sweep" into "As Agent" Program.
- Receive a high earnings credit rate on balances to offset monthly service charges.
- Gain market rates on overnight investments.
- Discount on FRB image cash letter fees.
- Late wire accommodations.
Email your relationship manager now or call 888.399.1930 for more information.
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