ACCOUNT SERVICES
We have a variety of personalized account services to meet the operational needs of your bank.
SETTLEMENT
Coordinate effective end-of-day investments by having all your transactions settled in a demand deposit account (DDA). Our DDA accounts provide the means to accommodate settlement of the following transactions:
- Faster payments
- Cash letter
- ACH (Automated clearing house)
- Wire transfer
- Federal Reserve Bank (FRB) vault cash services
- International payments
- Money market
- Discount window / FED borrowing program
- Federal Reserve pass-through account
- Daily cash management sweep
CASH MANAGEMENT SWEEP
Taking advantage of our cash management sweep will provide your community bank with many benefits including:
- Automatic sweep into our Fed Funds program
- Centralized transactions
- Maximize operational efficiency and earning potential
- No FDIC assessment
- Eliminate risk of daylight overdrafts
- Investments of your excess balances
FASTER PAYMENTS
We are your Faster Payments partner. All of our Faster Payments solutions integrate seamlessly with our cash management platform, allowing you to take full advantage of our expertise and solutions.
Right now, we enable full same-day ACH capabilities and provide Funding Agent services to simplify the management of good funds in The Clearing House’s RTP® Network. We’re live with the Federal Reserve Banks’ FedNowSM solution.
FEDERAL RESERVE PASS-THROUGH ACCOUNT
- Uphold your Federal Reserve Bank (FRB) reserve requirement
- Eliminate the need of maintaining an account at the Federal Reserve
- Our Federal Reserve pass-through account will hold any deficiencies in your bank name to meet cash requirements
- Reserve funds are returned to your account at the end of the maintenance period
- Interest earned is posted directly to your account
FIRESafe
FIRESafe makes accessing reports a breeze. View and download daily reports and statements all in one place!
OWN.IT™
The stronger your cash letter exchange network, the greater the rewards are for each partner. We invite you to join us and find out what your neighboring banks already know… OWN.IT is the leading network of its kind, exchanging checks internally at Bankers’ Bank, client to client, relaying the benefits to participating institutions across the Midwest. An exchange analysis can be provided upon request, which will analyze your current image exchange clearing costs against possible savings with OWN.IT.
FEDERAL RESERVE BANK
Fed Payments Reporter: banks can participate with BB to use the Fed Payments reporter for a variety of ACH reports.
NEWS AND EVENTS
The Impact of Instant Payments in 2024: Growth and Opportunities for Community Banks
In 2024, instant payments made a significant impact in the US. As FedNow approached its first anniversary, over 900 financial institutions were live on the network and the RTP network grew to 760 participants.
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Bankers’ Bank Announces Readiness for ISO 20022 Adoption
Bankers’ Bank is pleased to announce its successful completion of the Federal Reserve Depository Institution Testing (DIT2) and Federal Reserve Transition Readiness Review (TRR) testing, in preparation for ISO20022.
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Navigating 2025: Key Updates and Insights for Community Banks from the FRB and Bankers’ Bank
To help navigate changes from the Federal Reserve Bank in 2025, join Bankers’ Bank and the FRB for a complimentary webinar on February 11 at 10:30 am CT.
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Testimonial
Contact Us To Get Started
Contact A Rep
- (800) 388-5550
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