FedForward Services provide financial institutions with the ability to submit an image cash letter (ICL) of forward collection items, as well as Treasury items, postal money orders (PMOs) and eligible savings bonds1. The Federal Reserve Banks will clear and present either substitute checks or an electronic file to the paying bank.
Many deposit options are available to meet your needs for availability and pricing, including mixed and sorted deposit options.
1Image-enabled savings bonds include Series E (half-sheet paper and card), Series EE, Series I, and Savings Notes.
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