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—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 Returned 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 2—Review Processing Documentation

Resources are available to help you use the services to their fullest potential. Before your start date, it is good to become familiar with the following information:

Step 3—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 link includes 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 Customer Support at (877) 372-2457.

Step 4—Congratulations! Begin collecting your paper checks through the Federal Reserve Banks

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