The essence of a banker’s bank is found in our operations or “back room” services, which are so critical to the day-to-day operations of community banking. FNBB, Alabama offers an outstanding array of operations services to maximize your investment funds while improving access to your accounts. Cash Letter Clearings Your bank's forward and return checks are sent to the Federal Reserve for settlement at FNBB, Alabama. We provide your staff with access to your correspondent account information at any time of the day via our online communications network. This eases your reconcilement headaches because we continually provide you with updated account information as items post. We assist your staff with Federal Reserve adjustments and research. As a clearing customer of FNBB, Alabama, your bank is ensured of account daylight OD protection without penalty, which can be a issue with some correspondent banks. The clearings conversion process is seamless and we are onsite the day prior to and up to 48 hours after your bank's first cash letter deposit to the Federal Reserve. We insure your staff is comfortable with any new procedures involved and that they are well informed of our operational deadlines. Cash Management As a Cash Management customer of FNBB, Alabama, we assist you in managing your liquidity on a daily basis. With this service, we invest your bank’s excess funds in our Principal Fed Funds Program based on your desired target balance or we draw on your bank’s established fed funds line of credit to cover any negative end-of-day balance that you might incur. This ensures that your daily cash position will be settled without the back office hassle. Federal Funds Programs Acting as Principal, FNBB, Alabama buys your excess funds overnight and they remain with our bank. Based on your bank’s pre-approved federal funds line amount, we can sell your bank fed funds to handle its liquidity needs. Through our Agency Fed Funds Program, we sell your fed funds to upstream money center banks that you have selected. You set the maximum amount that we can sell to any one institution. This allows your bank to reduce its concentration of funds, eliminate wire transfer costs and increase your yield. We monitor all financial institutions for Reg F compliance and furnish you with quarterly reports for regulatory purposes. Netlink Our communications network, Netlink, is a secure internet-based system that allows you and your staff to manage your correspondent account at FNBB, Alabama right from your desktop. The system can be used to manage account balances, invest in fed funds, originate and receive wire transfers, handle ACH, MICR, and Image files, receive account reporting, and send Official Check remittances. Additionally, it can be used to send a variety of Federal Reserve notifications such as TT&L notifications, savings bond orders, and coin and currency orders or serve as a backup to the Fedline system. Its system administrator and audit log features make it a desirable platform for the security conscious community bank. ACH Through Netlink, your bank can receive its ACH files from the Federal Reserve and securely transmit origination files, returns, and notifications of change into the ACH system. Additionally, FNBB, Alabama has a staff of Accredited ACH Professionals (AAP) that can assist your data processing department with any of your ACH related concerns.

Member FDIC