Payments Services

Services

 

Men on Coins

Along with the other Reserve Banks, the Richmond Fed provides a variety of payments services to financial institutions and the federal government.

Cash 

The Richmond Fed provides currency and coin services to financial institutions in the Fifth District. It also works to uphold the integrity of U.S. currency and the public’s confidence in it.

Checks 

The Fed provides check collection services to financial institutions and works with customers to improve check processing nationwide.

Automated Clearing House

As the nation's largest national ACH operator, the Reserve Banks process batches of electronic funds transfers between financial institutions.

Funds Transfer and Settlement 

The Reserve Banks offer automated funds transfer and settlement services to financial institutions and others with a master account at the Fed.

U.S. Treasury Payments and Collections

The Richmond Fed manages a variety of applications that support the U.S. Treasury Department and other federal agencies.

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