Settlement Services Built for Today’s Payment Environment
Boost your bottom line and reduce operational strain with PCBB’s settlement services. We manage full settlement across multiple payment rails, simplifying daily activity and freeing up resources.
Our secure online platform, Correspondent Bank Connection (CBC) provides a single platform to monitor and reconcile activity while supporting the FedNow® Service, the RTP® network, Same-Day ACH, and wires—all backed by expert support across US time zones.
Key Benefits:
- Settlement across multiple payment rails including RTP® network, FedNow® Service, ACH, & wires
- Earnings credit program to help offset banking fees
- Interest-earning options for excess balances and overnight investments
- Competitive market rates on overnight liquidity solutions
- Support for regulatory & compliance needs, including Reg F and BSA
- Operational continuity with PCBB as a primary settlement provider or backup
Settlement and Clearing Process
PCBB accepts full settlement via tri-party agreement.
Transactions are cleared to the Federal Reserve.
Debits/credits are passed to PCBB for settlement.
All balances are maintained and settled at PCBB.
Excess balances can be swept into an “As Agent” program or at the Fed as a risk-free option.
Simplify Settlement Across Every Payment Rail
Through our secure, web-based platform — the Correspondent Bank Connection (CBC) — you can easily monitor, manage, and reconcile settlement activity in one place. As payment methods continue to evolve, we regularly enhance our platform to support modern settlement needs, including FedNow® Service, the RTP® network, Same-Day ACH, and wire payments.
Whether you are enabling real-time payments, supporting traditional settlement flows, or planning for future payment enhancements, PCBB provides centralized settlement support through a single correspondent relationship — helping you expand capabilities without added complexity.
I have been with PCBB through 5 banks since they were founded over 20 years ago. PCBB always tries to find a way to help its customers. Many correspondent banks will do whatever is within their set boundaries, but that’s how PCBB sets itself apart from others. They are willing to widen their boundaries to accommodate their customers......so then we can do that for ours.
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
Competitive “As Agent” Program
Designed to help your institution minimize risk and streamline your process of selling overnight funds.
This includes passing excess liquidity to the Federal Reserve Bank “As Agent” for Excess Reserve Balances, thus providing a foundation to attract the best rate in either the Fed Fund market or balances held at the Federal Reserve on the respondent’s behalf.
Benefits:
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PCBB delivers over 25 years of investment expertise and success in the management of Fed Funds. |
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Reduce credit risk by redistributing funds among strongly capitalized banks. |
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Ensure quarterly monitoring of purchasing banks and compliance with Regulation F. |
Tap into FedNow® Service payments with PCBB as Your Trusted Liquidity and Settlement Provider
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.
Bring RTP® Network payments to Your Institution with Seamless Settlement Support from PCBB
PCBB supports settlement for the RTP® network, allowing community financial institutions to participate in real-time payments with immediate clearing and settlement. Through our correspondent banking services, you can access the RTP system and expand your payment offerings without needing to establish a direct connection or manage the operational overhead. Our team provides guidance to help you onboard efficiently and stay aligned with evolving real-time payment standards.