The Federal Reserve Banks are pleased to announce that, effective June 13, 2019, two new reports will be added to the FedPayments® Reporter Service for Check Services. The new Check Advanced Notice Payor Reports will enable financial institutions and their corporate customers to receive advanced notice of forward presentment items.
The paying institution will be able to request a report that includes all forward items available to be presented to it at the time the report is created. The paying institution can also choose to create a report at the account number level to share with its corporate customers. This report would include all forward items available to be presented to the selected corporate customer at the time the report is created. At this time, these reports will only be available for delivery through FedMail®.
We will provide additional information when the new reports are available. In the interim, financial institutions may contact their account executives with any questions pertaining to this service. You can find pricing details on the Electronic Check Collection Fee Schedule.