FedCash® Services Setup
Thank you for choosing FedCash® Services. We are excited to work with you to make this a smooth transition. The steps outlined below will help streamline your implementation process. If you have questions throughout the process, contact your local FedCash Services contact.
Step 1 — Select Service Options
The following links will help you determine what service features are right for your institution:
- Confirm which FedCash Services are right for your organization
Step 2 — Assess Access Needs
Use the following links to determine which solution provides the services/features your organization needs, and the number and type of Subscribers in your organization who will need access to the solution.
- Review the 2019 FedLine® Solutions Services Comparison Matrix (PDF)
- Determine FedCash Services access levels needed
- Review your security and contingency procedures to ensure that appropriate safeguards are in place when using FedLine® solutions
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 FedCash Services.
Operating Circulars
- Operating Circular 2: Cash Services — governs the ordering and depositing of cash.
- Operating Circular 5: Electronic Access — covers terms for electronically accessing Federal Reserve Financial Services
Currency Recirculation Policy
Governs the ordering and depositing of $10 and $20 notes efficiently.
Currency Quality Program
Outlines standards set for determining if used currency will return to circulation after fitness sorting.
Due Diligence Procedures
Provides information on steps required to validate the identity of your organization's staff members.
Step 4 — Review Setup and Processing Documentation
Implementation and user guides and other resources are available to help you through the start–up process, as well as to help you use the service to its fullest potential.
Frequently Asked Questions
Provides detailed answers for popular inquiries.
FedCash Access Manager Roadmap
Provides step by step details for expanding staff roles for FedCash Services.
Step 5 — Review Hardware/Software Requirements
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 appropriate solution, service features and Subscriber needs, you can proceed to document all your decisions in the required forms.
- Ensure that your organization has submitted the Board Resolution and Official Authorization List (OAL) using the standard form required by the Federal Reserve Banks
- To establish access to cash services submit a FedCash Services Request Form (PDF)
Current FedLine customers:
- An End User Authorization Contact (EUAC) should submit a Subscriber request via the EUAC Center within FedLine Home, requesting to modify your access to include FedCash Services. EUACs must define access levels for each FedCash Services Subscriber in your organization. It is critical for your organization to have credentialed staff available.
New FedLine customers:
- Complete the FedLine Web Setup
Step 7 — Congratulations! Begin Using Federal Reserve Financial Services
You can begin ordering and depositing cash with the Federal Reserve Banks.
Questions? Contact the Customer Contact Center.
