Settlement Service Solutions

Our Settlement Service Solutions can be tailored to your needs,
maximizing value while eliminating operational impacts.

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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