Paper Check Services Setup

Thank you for choosing Paper Check Services. We are excited to work with you to make this a smooth and easy transition. Following are the steps you will need to take to streamline your implementation process, including contacts to help you with questions you might have. If you need overall advice in any step of the process, consult your account executive.

Step 1—Select Service Options

The following links will help you determine what specific service features are right for your institution.

Step 2—Assess Access Needs

Depositing and/or receiving of paper checks does not require an access solution; however, if you would like to obtain critical accounting information online an access solution is required. Use the following links to determine which access solution provides the services/features your organization needs and the number and type of Subscribers who will need access to those solutions in your organization.

Step 3 – Review Rules and Regulations

Federal Reserve Financial Services use is governed by applicable Operating Circulars (OCs). In addition, the Board of Governors of the Federal Reserve System has responsibility for implementing certain laws pertaining to a wide range of banking and financial activities. The following apply to Paper Check Services.

OC 3: Collection of Cash Items and Return Checks

Applies to the handling of all cash items that we accept for forward collection and all returned checks that we accept for return.

Regulation J (Off-site Link)

Collection of checks and other items by Federal Reserve Banks and funds transfers through Fedwire® Services.

Regulation CC (Off-site Link)

Includes regulations concerning availability of funds.

Step 4 – Review Processing Documentation

Resources are available to help you use the services to their fullest potential. Before your start-up date, it is good to become familiar with those listed here.

Step 5—Review Hardware/Software Requirements

If you are using a FedLine® Access Solution, evaluate all internal software/hardware systems and compare to Federal Reserve Bank requirements to determine if changes are needed for a successful production cutover.

Step 6—Complete Forms/Agreements

Now that you've determined the service features that are right for you and have reviewed the processing documentation, you can proceed to document all your decisions in the required forms.

The following links include the most common forms and agreements that may be required for implementation, but additional forms and agreements may be required by your Federal Reserve Bank. Please contact your account executive to determine if additional forms are required.

Current FedLine Customers:

  • If your End User Authorization Contact (EUAC) has authority to manage access for Check Services, your EUAC should complete a Subscriber Request Form online, requesting to modify your access to include FedForward Services. EUACs must define access roles for each Subscriber in your organization.
  • If not, your organization must first submit an End User Authorization Request Form (PDF) marked modified to include Check Services.

Questions? Contact your Customer Contact Center.

Non-FedLine Customers:

Questions? Contact your Customer Contact Center.

Step 7—Congratulations! Begin processing your paper checks through the Federal Reserve Banks

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