Foreign Cash Letters | Clean Collections | Canadian Check Imaging
Your financial institution can easily clear foreign checks drawn on foreign banks quickly and cost-effectively. This allows you to retain your customers with enhanced international services. Additionally, we offer quicker processing on Canadian checks using our digital imaging service.
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
Video: Foreign Cash Letters & Clean Collections
Canadian Check Imaging Solution
Process your Canadian checks (USD or CAD) with image processing. This enhanced option allows your bank to receive provisional credit in the same day* versus 4-7 days with traditional processing.
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
*Same-day provisional credit is available for checks submitted prior to 2:00pm PT.
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.