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Check Services

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Check Services

The Federal Reserve Banks’ Check Services offer you a suite of electronic and paper check processing options to support all of your needs. Your financial institution can select among a variety of processing options based on deposit deadlines, credit availability and level of sorting.

Check 21-enabled Services

Offer financial institutions a suite of services to send and receive image cash letters.

FedForward® Services

Provide financial institutions with the ability to deposit an image cash letter of forward collection items that the Federal Reserve Banks will clear and present as either substitute checks or an electronic file to the paying bank.

Setup

Forms

Fees (XLS)

Education

 

FedReturn® Services

Provide financial institutions with the ability to deposit mixed image cash letters of return items. This service allows you to transform your outbound returns processing operations, streamline backroom operations, improve quality and speed the returns process.

Setup

Forms

Fees (XLS)

Education

 

FedReceipt®, FedReceipt Plus and FedReceipt Plus for Returns Services

Provide financial institutions with "straight-through" electronic check processing for a portion or all of your inclearings or outbound returns. You can reduce your check processing costs and resources by decreasing in-house sorting and image capture.

Setup

Forms

Fees (XLS)

Education

 

Check Adjustments Services

Check Adjustments Services

Allow financial institutions to quickly and effectively resolve debit or credit settlement discrepancies on checks that were processed or handled by the Federal Reserve.

Setup

Forms

Education

 

FedImage® and Electronic Check Services

FedImage and Electronic Check Services

Provide financial institutions with earlier access to check data contained in your incoming cash letters through FedImage Services, the FedImage-enhanced Truncation Service and Presentment Point Services.

Setup

Forms

Fees (XLS)

Education

 

Paper Check Clearing

Paper Check Services

Allow financial institutions to deposit both forward and return paper check items.

Setup

Forms

Fees (XLS)

 

Foreign Check Service-Including Canadian

Provides financial institutions with a Foreign Check Collection Service, including a Canadian Check Collection Service, for all checks drawn on depository institutions outside of the twelve Federal Reserve Districts.

Setup

Forms

Fees (XLS)

 

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