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.

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.
• Late wire accommodations.