Cash Management Solutions
Operational Services for Financial Institutions
As your correspondent bank, PCBB has a wide selection of cash management services that include settlement and payment services, overnight sweep options, time deposits, brokered cds, and cash and coin orders.
With over 25 years of experience, we know how to help you streamline your cash management and save time on daily operations. We pride ourselves on delivering banking solutions and advancements in payments that help community financial institutions compete and thrive.
Key Benefits:
- Efficient, cost-effective process to settle your daily activity
- Sweep excess balances to generate more income
- Unlimited access to our cash management team
- Maximize operational efficiencies
Cash Management Solutions Simplify Your Back Office Operations
Settlement Services
Reduce operational efforts and streamline your settlement activity. We offer settlement of ACH and FedNow® Service payments for even more functionality.
Domestic Payments
Easily send and receive wires and ACH payments. Track, search, and export your transactions. OFAC services are provided for each wire transfer.
De Novo Banking Services
Not only do we have the expertise and services to successfully help launch your bank but also the solutions to help you grow and succeed in the communities you serve.
Brokered Certificates of Deposit
A reliable and cost-effective solution to help you increase liquidity or get access to insured, high-yielding CDs for your securities portfolio.
Overnight Sweep Options
We sweep any amount above your target balance into overnight Fed Funds or an excess balance account, saving you time on monitoring and investing daily liquidity.
Time Deposits
We offer competitive rates for all time deposits.
Explore Our Correspondent Bank Connection (CBC) Platform
CBC is our in-house, web-based platform, where you can monitor your cash management activity, and initiate and approve transactions in a dual-custody setting.
| CBC Benefits | |
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Efficient, cost-effective settlement service |
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Can be part of your contingency service for wires, if you process them directly through the Fed or another party |
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Permanent record retention, reports, and ABA look-up tool for all transactions |
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Built-in email notification and search function for easy tracking |
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Secure, encrypted ACH & domestic payments services |
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Full regulatory retention compliance |
Learn How You Can Get Started with the FedNow® Service
PCBB is integral in the collaboration and development of faster payments.
We provide liquidity and settlement agent services to community financial institutions that want faster payments through the FedNow Service.
Why Choose PCBB
PCBB is a correspondent bank that I have come to trust. I have done business with other correspondent banks around the country, but I stay with PCBB as they will do what they say they’re going to do.