Federal Funds and Wire Transfers

One of the services used most by our correspondent customers is our Agency Federal Funds. This program allows you to place all your liquid daily excess funds with The Bankers Bank and still keep your per-bank exposure low, your earnings high and administration at a minimum. Here’s how it works:

The Bankers Bank accepts your excess funds as your agent and sells them to a number of highly rated upstream banks. Each upstream bank has a pro-rata share of your funds which keeps exposure and risk low.

The Bankers Bank personnel will also handle all allocations and accounting. You will be credited with your weekly interest each Monday and will receive a statement showing your daily exposure to each upstream bank. You will know how much and where your funds are at all times.