Foreign Cash Letters | Clean Collections | Canadian Check Imaging
Using our cash management and international services platform, Correspondent Bank Connection (CBC), you can securely clear U.S. dollar and foreign currency checks on a cash letter or clean collection basis.
Key Benefits:Foreign Cash Letters
- No minimum amount required
- Accelerate access to funds through same-day provisional credit
- Reduce costs by minimizing delays
- Minimize credit exposure with same-day provisional credit (for Canadian check imaging only)
- Guaranteed traceability with guaranteed funds
- Protection from foreign items by ensuring final collection
Canadian Check Imaging Solution
Simplify collection of Canadian checks (USD or CAD) using our digital imaging service. This enhanced foreign checks option allows your bank to receive provisional credit in the same day* versus 4-7 days with traditional processing. Leveraging your existing equipment with our service, you can process Canadian checks digitally. No additional hardware or software is needed.
Scan a copy of the check (front and back)
Log in to PCBB CBC. Input the cash letter details & upload the check image files
PCBB processes the item & your bank receives same-day* provisional credit
Do You Use the Fiserv Clearing Network?
We’ve integrated our Canadian check imaging solution with Fiserv’s platform, and we are the only partner to do so!
With this integration, you can leverage your existing branch, teller and merchant check capture process, and Fiserv will automatically send your items to PCBB to be processed.
*Same-day provisional credit is available for checks submitted prior to 2:00pm PT, and cannot be guaranteed when using this service through the Fiserv Clearing Network.
Correspondent Bank Connection (CBC) Platform
Foreign checks are processed using PCBB’s CBC Platform within dual custody.
Simplify your collection of foreign receivables in all major currencies. Our international check clearing service gives you the ability to clear US dollar and foreign checks drawn on foreign banks.
CBC’s cash letter clearing allows you to receive credit on foreign checks in as little as two business days.