Foreign Check Processing and Banknotes

Simplified Foreign Check Processing, Including Canadian Check Image

Your institution can process foreign checks drawn on foreign banks efficiently and cost-effectively through Correspondent Bank Connection (CBC), our secure platform for cash management and international services. Support both foreign cash letters and clean collections to balance speed, traceability, and final settlement based on operational needs.

For Canadian items, our Canadian Check Image solution enables digital processing with faster access to funds compared to traditional paper-based methods, without adding systems or hardware.

You can also offer foreign banknotes in more than 100 currencies, giving customers a convenient option for international travel while expanding services without increasing operational complexity.

Key Benefits:

Foreign Checks (Canadian Drawn) - Cash Letter Basis
  • 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)
Foreign Clean Collections - On Collection
  • Guaranteed traceability with guaranteed funds
  • Protection from loss for foreign items by ensuring final collection
Foreign Cash Letters & Clean Collections

Efficient Processing of Foreign Checks

Streamline your collection of foreign receivables in all major currencies when you use PCBB’s foreign checks services. Process foreign checks securely via PCBB’s CBC platform for guaranteed funds and foreign advisory support along the way.

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Foreign checks are processed using PCBB’s CBC Platform with dual custody.

Streamline Clearing with Canadian Check Imaging

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 for checks submitted prior to 2:00pm PT.

green check Expedites availability of funds
green check Improves your back-office efficiencies
green check Eliminates postage costs

Easy 3-Step Process for Canadian Check Imaging

icon step 1 candian check imaging
Scan a copy of the check (front and back)
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Input the cash letter details & upload the check image files via PCBB’s CBC platform
icon step 3 candian check imaging
PCBB processes the item & your institution receives same-day* provisional credit

*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.

Do You Use the Fiserv Clearing Network?

We are the only bankers’ bank to have integrated our Canadian check imaging solution with Fiserv’s platform. With this integration, you can leverage your existing branch, teller, and merchant check capture processes, and Fiserv will automatically send your transactions to PCBB to be processed.

Learn More About Our Fiserv Integration

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Webinar: Insights from Banking Peers: Canadian Check Clearing Made Easy

Foreign Clean Collections

For items that require final settlement and traceability, PCBB’s foreign clean collection services support collection on a final-paid basis. This approach helps reduce loss exposure on foreign items while providing greater visibility and control throughout the collection process.

Convenient and Competitive Foreign Banknotes

Easily order foreign currency for your customers who travel and conduct business abroad, with convenient next-day delivery of banknotes right to your branch. With a complete suite of international banking services, you can compete and grow your business attracting global business customers.

Key Benefits

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Competitive rates on foreign exchange transactions

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Foreign banknotes delivered to your office within 24 hours

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Ability to exchange foreign banknotes for most countries

How To Learn More PCBB’s International Banking Services