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Cash Settlement and 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.
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.