Many of our Correspondent Banking Services are provided through First Tennessee Bank, which is part of the First Horizon family of companies. Once First Tennessee is designated as your settlement bank, Fed may debit or credit our account for settlement to your First Tennessee account. You will have the benefit of First Tennessee's personal attention and services, without having to change your cash letter operation.
- Settlements are transmitted to First Tennessee six times a day.
- We memo-post immediately and fax an advice.
- You may use your Online Banking connection to monitor your Fed settlements during the day.
* All Correspondent Services products are offered through First Tennessee Bank, NA. Please ask your Sales Representative for more information.