ACBBXNET

Reduce your operating costs and improve staff efficiency with ACBBXNET – your correspondent link to the Fed. With XNET, you reduce wire transfer costs and improve back office efficiency by processing ACH, coin and currency, wires and return items electronically. Reports, investment rates, and account information are at your fingertips throughout the business day. With XNET, you can also:

• Eliminate the expense of being on FedLine directly
  • Initiate outgoing wires and receive notification of incoming wires
  • Receive and originate ACH files
  • Notify ACBB of securities purchases and sales
• View cash balance positions and items posted
• Compare wires against OFAC’s Special Designated Nationals and Blocked Persons List before transmission
• Ensure you are archiving wires to comply with the Bank Secrecy Act
• Check Federal Funds rates and initiate Federal Fund transactions
• View ACBB statements without waiting for the mail

Log into your XNET account or contact us to get started.