CASH MANAGEMENT
We’re excited to launch a three-part webinar series focused on continuity planning across critical payment channels: Wires, ACH, and Cash Letter.
FREE WEBINAR Part 1 - Wires: Continuity Plan
Discontinuation of FedGlobal® ACH Payments and the Foreign and Canadian Check Services
Discontinuation of FedGlobal® ACH Payments and the Foreign and Canadian Check Services
Discontinuation of FedGlobal® ACH Payments and the Foreign and Canadian Check Services
Federal Reserve Financial Services (FRFS) has announced the planned discontinuation of FedGlobal ACH Payments to Mexico and Panama and the Foreign and Canadian Check Service by the end of 2026 due to declining volumes.
FedGlobal ACH Payments will accept forward items to Mexico and Panama through Nov. 20, 2026.
Foreign and Canadian Check Services will accept forward items through Dec. 4, 2026.
Return items will continue to be processed in accordance with applicable laws, operating circulars, and agreement terms.
To ensure uninterrupted service, institutions are encouraged to begin transitioning to alternative providers as soon as possible. Transitioning is where Bankers' Bank of the West can help! We offer processing for international check deposits, collection items, currency orders/deposits, and wires to support your institution during and after this transition. Click to button below to reach out to someone on our Cash Management team for more information!
Reference links:
FedGlobal ACH Payments
Foreign and Canadian Check
Operating Circulars
To contact your Federal Reserve Relationship Manager: https://www.frbservices.org/contactus/account-executives.html
The Federal Reserve announcement distributed via email 03/11/2026
Update to Penny Ordering
On March 23, a subset of coin distribution locations that previously stopped fulfilling penny orders on behalf of the Federal Reserve will begin fulfilling orders again.
Visit the Penny Orders and Deposits page for detailed information on the status of each location.
The decision to increase the number of coin terminals fulfilling penny orders was made based on increased deposit activity, and thus increased confidence in the ability to meet such orders. The Federal Reserve will continue to monitor the flow of penny orders and deposits as these changes take effect and will evaluate further changes to penny ordering locations as needed. Please note that some coin distribution locations remain unable to fulfill penny orders due to localized inventory availability.
All Locations Continue to Accept Penny Deposits
As of Jan. 14, all coin distribution locations providing services under arrangements with the Federal Reserve are accepting deposits of pennies.
Why is This Happening?
In May 2025, the U.S. Department of the Treasury shared plans to end production of the U.S. penny coin. Shortly thereafter, the Federal Reserve received its final shipment of new pennies from the U.S. Mint. The Federal Reserve continues to adjust its operations as needed to fulfill its role in coin distribution to banks and credit unions based on availability and other factors in the coin ecosystem.
For further questions, please contact your local cash office.
BRIDGE
/ Cash Management
Our Services
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Federal Funds and Sweeps
To maximize efficiency, capacity, and security, your institution needs to be able to rely on a partner with extensive experience in handling Federal Funds transactions as both principal and agent. With Bankers’ Bank of the West, you can also count on securing the most favorable overnight rates.
Conveniently manage your bank’s liquidity needs and boost your earnings potential. Make automatic transfers to and from BBW’s Federal Funds pool with our Sweep accounts.
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International Services
When you have community roots and a global outlook, you need essential international services that are convenient, reliable, and affordable. You can depend on Bankers’ Bank of the West for all your cross-border banking needs such as wire transfers, check and currency deposits, check collections, currency & drafts, and letters of credit.
See how we cover Secure and rapid electronic conveyance, have more than 90 currencies available and much more!
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Cash Letter
With a complete array of cash management services from Bankers’ Bank of the West, your financial institution can gain a competitive edge with exceptional savings, convenience, and service.
Some of the advantages you will benefit from include: saving on the expense of FedLine Advantage® with BRIDGE, ensuring secure delivery of forward, receipt, and return files, and much more!
Connie LaChance, AAP, AFPP, APRP, NCP—VP, Education & Events, Wespay
Ian Zarac , CXI—VP, Financial Institutions
Industry updates from our trusted partners: In these articles, Ian explains how sending international wires in local currency can cut costs, speed payments, and build stronger client relationships, while Connie examines the growing threat of check fraud and outlines how banks can detect red flags and protect their customers.
Leaders in Payments
Committed to educating our community and customers
If you were to go on a wild safari, would you be comfortable risking your safety by using a rookie guide, or would you choose one that has seen every path, change, danger for over 15 years? This question applies to many aspects of this world, even the financial industry.
Debbie Wendt, SVP and Chief Payments Officer, is in charge of BBW’s federal funds, wires, international operations, and more. Cumulating over 20 years of knowledge, high level expertise and troubleshooting know-how. This is the navigator and guide you want on your journey, such as the biggest one we are all facing right now…Instant Payments.
One of her acknowledgments for her excellent involvement in the payment arena was presented to her by Wespay, the Russell L. Fenwick Award for Payment System leadership. Click the video to watch more on Debbie’s accomplishment.
The best part is she loves answering your questions and leaving you feeling like you are in good hands. Click the “email Debbie here!” button to reach out to her regarding any question you may have, including those related to FedNow.
“FedNow is not the first new service or platform launch I have experienced. I have worked through many since starting with BBW in 2000. Just like those changes in the past, we are prepared, we are cultivating solutions that fit your community banks capabilities and needs, all while ensuring an effective and safe transition.”
Debbie Wendt - SVP and Chief Payments Officer
Bankers’ Bank of the West