Thank you for choosing Check Adjustments 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.
The following information will help you determine what specific service features are right for your institution.
Processing of paper-based check adjustments does not require an access solution; however, if you would like to receive and manage check adjustments requests via a FedLine® access solution selection 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.
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 Check Adjustments Services.
Applies to the handling of all cash items that we accept for forward collection and all returned checks that we accept for return.
Collection of checks and other items by Federal Reserve Banks and funds transfers through Fedwire® Services.
Includes regulations concerning availability of funds.
Resources are available to help you use the services to its fullest potential. Before your start-up date, it is good to become familiar with those listed here.
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.
Now that you've determined the appropriate service features and 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.
Questions? Contact the Customer Contact Center.
Questions? Contact your Customer Contact Center.