WHEN ONE DOOR CLOSES, ANOTHER OPENS: YOUR TRUSTED PARTNER FOR INTERNATIONAL PAYMENTS

The Federal Reserve’s decision to discontinue FedGlobal® ACH Payments and its Foreign and Canadian Check Services reflects a broader shift in the payments landscape. Declining transaction volumes and reduced market demand are driving this shift. While these changes mark the end of a long-standing service option, they also create an opportunity for community banks to evaluate alternative providers. Moreover, banks can establish a long-term strategy for serving customers with international payment and collection needs.

Foreign and Canadian Check Service scheduled to sunset at the end of 2026. Now is the ideal time for financial institutions to begin planning their transition. Selecting the right partner early can help ensure business continuity. This approach minimizes operational disruption and maintains the high level of service customers expect.

Bankers’ Bank is uniquely positioned to fill this gap for community banks. Through our correspondent banking expertise, as well as established processing capabilities and a personalized approach to service, we offer a seamless alternative for institutions seeking dependable international and Canadian payment solutions. Our experienced team understands the unique challenges community banks face. Furthermore, we provide hands-on support throughout the transition process.

Unlike large, transactional providers, Bankers’ Bank is focused on building relationships and delivering responsive, community bank-centric service. We work closely with our clients to understand their needs and implement solutions efficiently. This ensures they have the tools and support necessary to continue offering reliable cross-border payment and collection services to their customers. As the Federal Reserve exits these services, Bankers’ Bank stands ready to help community banks maintain the capabilities, service levels, and trusted partnerships they depend on. By planning ahead and partnering with a correspondent bank that understands your business, you can navigate this change with confidence. In addition, you will continue delivering the exceptional service your customers expect.