Wachovia offers a complete array of Treasury Management services to our domestic correspondent banking customers. Our level of expertise and our dedication to developing unique solutions for each customer sets us apart from the competition.
Domestic Correspondent Banking Services
Wachovia offers the following set of Treasury Management Solutions:
Cash Letters
Wachovia is a premier cash letter processing bank, offering proof, cash letter preparation, prime pass, imaging and check clearing services
We process cash letters in 11 operations centers covering 4 Federal Reserve districts.
We provide cash letter services to some of the largest banks, savings & loan, and credit unions in the country.
Money Center and Cash Deposit Services
Our depository service enables financial institutions to deposit (or requisition) large sums of coin and currency directly to (and from) money centers.
Our large 11 state footprint with 40 money center locations enables you to deposit most, if not all, of your deposits into one account at one bank.
Through our presence and leading-edge coin and currency processing equipment, Wachovia can help your institution reduce risk, save time, as well as increase the security required on all of your cash needs.
Treasury Services and Alliance Services
As the second largest cash management bank in the country (Ernst & Young, 2003), we can offer your institution a complete array of treasury management solutions.
Through Wachovia’s Alliance Services, we work with you to bridge the gap between your current in-house capabilities and your customers’ financial, operational, and technological needs in the following areas: