Changes to Daily Processing Timelines
February 8, 2021
The Federal Reserve announced that they are moving to later settlement for multiple payment options. To accommodate these changes, Bankers’ Bank has a revised schedule of processing timelines to be EFFECTIVE MARCH 8TH, 2021. Please be sure to review this detail closely as many deadlines have changed to accommodate the Expanded FRB Operating hours.
To assist you or your staff with any questions, please contact the Payments and Cash Management Area at (800) 933-0220 or your Correspondent Banker.