Settlement Service Solutions
Tailored to Your Institution's Needs
ServisFirst Bank's settlement service solutions are custom-tailored to your specific requirements, maximizing value while eliminating operational impacts on your financial institution.
Premium Earnings Credit
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.
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.
Premium Rate
Premium to Fed Effective Rates
100% Calculation
No reserve requirement
No Fees
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, Statements, Notifications, etc. as part of your settlement services relationship.
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.
Maximize your liquidity value: 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.
Servis1st Access Platform Features
Our industry-leading online banking platform provides comprehensive tools for your settlement service needs.
Real-time Information
Balance and payment processing information in real-time
Electronic Payments
Process respondent-based payments electronically
File Processing
Electronic processing of respondent-based files
Comprehensive Archives
Full archival for reports, data, transactions and payments
ACH Capabilities
ACH handling for receipt, origination and Return/NOC derivations
Secure User Controls
Simple and secure user access and administrative settings
Custom Entitlements
Distinguishable access levels and notification settings per user
Flexible Reporting
Query technology with downloadable reports in a variety of formats.
Ask a Correspondent Banker for more information on how to maximize this value to meet your needs.
Contact a BankerServisFirst Correspondent Banking
In addition to our Settlement Service Solutions, ServisFirst Bank offers a comprehensive suite of correspondent banking services: