Correspondent Banking

 

 

 

Overview

Bryant Bank began to offer Correspondent Banking Services to serve the needs of communities and fellow community bankers in the State of Alabama. Bryant Bank provides real time cash management solutions. Through our user friendly online platform, Bryant Core, you will have access to Settlement/Clearing, Fed Funds, Principle and “As Agent” services, International Wire and Domestic Wire services that are tailored to serve your needs. Bryant Bank’s dedicated staff is available to provide you with the highest level of personalized customer service both in person, online and toll free telephone access.

 

Benefits

• Offers you internal efficiencies

• Same day issue resolutions

• Increase profitability with overnight sweep into a fed funds pool

• Experienced staff to assist you with day to day transactions 

Services

Settlement Clearing

• Reflects real time transactions

• Earn market rates on overnight funds

• Eliminate FRB daylight/overnight overdrafts

• Competitive earnings credit rate on cash balances at Bryant Bank

Fed Funds

• Reduce credit risk by redistribution of funds  across multiple, strongly capitalized banks

• Automatically sweeps all excess balances into over night fed funds or the Federal Reserve Bank

 Excess Reserve Account

• Funds & interest automatically reinvested into your account daily

• Quarterly monitoring of purchasing banks & compliance with Regulation F

• No added fees for drawdowns and incoming investment wires

Online Services

Bryant Core

 • Reporting

• ACH services

• OFAC services

• Wire Transfers

• Daily Statements

• Secure, user friendly platform

• Intra-Day Dashboard of Account

• Contingency for Fedline

Domestic Wires

• OFAC notifications

• Offer contingency backup

• Late wire accommodations & group wires

• Incoming/outgoing wire notifications

  (email and online)

International

• Foreign Wire Transfers

  (outgoing and incoming)

• Foreign Exchange Forward Contracts

• Foreign Cash Currency Orders/Shipments

• Foreign Drafts