• Image Cash Letter Processing and Fed Settlement - header

Image Cash Letter Processing and Fed Settlement

Next Steps

This service, provided to image institutions, allows us to receive transmissions of cash letters and provide next-day use of funds.

Product Benefits

  • Deadline flexibility for next-morning availability of funds
  • Versatile balance reporting via Banking Online, e-mail, or fax
  • Exceptional client service
  • Settlements are transmitted to First Tennessee 4 times a day.
  • We memo-post immediately and fax an advice.
  • You may use your Online Banking connection to monitor your Fed settlements during the day

Fed Settlement

Once First Tennessee is designated as your settlement bank, Fed may debit or credit our account for settlement to your First Tennessee account. You will have the benefit of First Tennessee's personal attention and services, without having to change your cash letter operation.

  • SPECIALTY SERVICES PRODUCTS

  • Meet your financial institutions needs

Federal Deposit Insurance Corporation Banking products and services are provided by First Tennessee Bank National Association. Member FDIC. Logo_Equal_Housing_LG Equal Housing Lender.