Foreign Checks and Banknotes

Easily Clear Foreign Checks — Canadian Check Imaging Available

Your financial institution can easily clear foreign checks drawn on foreign banks quickly and cost-effectively through our banking services platform, Correspondent Bank Connection (CBC). Additionally, we offer quicker processing on Canadian checks using our digital imaging service.

You can also attract and retain customers who travel, by offering foreign banknotes at competitive rates in over 100 currencies.

Key Benefits:

Foreign Checks
  • 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
  • Guaranteed traceability with guaranteed funds
  • Protection from 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.

CBC’s cash letter clearing allows you to receive credit on foreign checks in as little as two business days.

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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

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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
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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

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 About Foreign Checks and Banknotes