Settlement Services
Streamlined Banking Operations
Allow us to help boost your bottom line and save staff time with our settlement services. We accept full settlement on your behalf, thereby freeing up liquidity available to your institution. Through our web platform, Correspondent Bank Connection (CBC), you can easily and efficiently manage settlement activity.
Our team is available for extended hours to support you when you need it. And every time, you get direct access to a live person; no bots here. We aim to help you streamline your operations.
Key Benefits:
- Easily monitor and manage your settlement activity
- Offset banking fees with earnings credit
- Generate interest income with investments on excess balances
- PCBB serves as a backup contingency point for FedLine
Correspondent Bank Connection (CBC) Platform Delivers
Secure platform for both wire transfers and settlement services
Step-by-step support for full confidence and total compliance
Backup contingency system for your institution
PCBB’s settlement and international platform, CBC, far outweighs any of the other correspondent bank systems. It offers better functionality, timely and reliable information, and very little downtime.
Settle Your Daily Transactions in a Cost-Effective Way
Monitor all account activity through CBC. PCBB assumes responsibility for all potential daylight overdrafts, thereby freeing up liquidity available to your institution for wires.
PCBB is a Liquidity and Settlement Provider For The FedNow® Service
The FedNow Service allows financial institutions to send and receive instant payments 24/7, 365 days of the year. It modernizes the payment industry keeping up with customer demands for real-time payments.
We were selected to participate as a pilot bank in the FedNow Service. This opportunity allowed us to aid in the development of the service, and help facilitate its functionality and user experience for community financial institutions like yours.
Learn more about our participation in the FedNow® Service.