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ServisFirst Bank offers a Premium Earnings Credit Rate on compensating balances used to cover your settlement service charges and fees. Earnings credit is calculated on 100% of the average collected balance with no reserve requirement and no supervisory fees or deposit assessments.
Two Settlement Service Options
Transactional Settlement
- Daily federal reserve settlement transactions will post as debits and credits to your ServisFirst Correspondent DDA.
- Federal Reserve will bill ServisFirst for your monthly service charges. ServisFirst pays the charge and places the cost to your account analysis.
- Maintain a compensating balance in the Correspondent DDA earning a Premium Earnings Credit Rate to cover your monthly charges and fees.
- Utilize Servis1st Access for all your online Wire, ACH, Currency/Coin, Notifications, etc. as part of your settlement services arrangement.
Service Charge Settlement
- No operational or reconcilement impacts for your existing transactional settlement as they will continue to post as they do today.
- Federal Reserve will bill ServisFirst for your monthly service charges. ServisFirst pays the charge and places the cost to your account analysis.
- Maintain a compensating balance in the Correspondent DDA earning a Premium Earnings Credit Rate to cover your monthly charges and fees.
- Servis1st Access is available as a contingency service option for your online ACH origination and international services needs.
The Settlement Service Solution
Maximize the value on your liquidity with a ServisFirst Bank Correspondent Settlement Service Solution. Our Premium Earnings Credit Rate always pays you a premium to Fed Effective Rates. Earned Credits are calculated on 100% of your average balance with no reserve requirement or assessment deducted. Our industry-leading online respondent platform — Servis1st Access — provides the following
- Real-time balance and payment processing information
- Electronic processing of respondent-based payments
- Electronic processing of respondent-based files
- Archival Capacity for reports, data, transactions and payments
- ACH Capability for receipt, origination and Return/NOC (notice of change) derivations
- Simple and secure user access and administrative controls
- Custom user entitlements allow each user to have distinguishable access levels, notification settings and processing authorities
- Reports made easy with custom query technology and reports generated in downloadable csv, pdf or xls formats
Ask a Correspondent Banker for more information on how to maximize this value to meet your needs.
ServisFirst Correspondent Banking
- Account Services
- Servis1st Access Online
- Credit Services
- Holding Company Loans
- International Services
- Federal Funds
- Settlement Services
- Participation Loans
- Accommodation Loans
- Credit Card Program
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