Federal Reserve Financial Services' Presentment Point Services are offered by the Federal Reserve Bank of Atlanta, providing financial institutions a primary presentment point for all, or certain, checks drawn on your institution. The descriptions below provide more information about each of the Presentment Point Services.
The paying bank designates the Federal Reserve Bank of Atlanta's processing office as the primary presentment point for all checks drawn on that bank. The product includes handling of items only; it does not include processing, transportation of checks to the bank's processing center, functioning accounting entries (settlement) or handling adjustments for same day settlement packages.
The paying bank designates the Federal Reserve Bank of Atlanta's processing office as the primary presentment point for all checks drawn on that bank. The product includes handling of items, along with identification of the collecting bank, total amount of items presented and the time the checks were received. It does not include high speed processing, transportation of checks to the bank's processing center, functioning accounting entries (settlement) or handling adjustments for same day settlement packages.
To learn more about these services contact your account executive.