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Settlement

The HLB's Settlement Service eliminates the need for accounts at the Federal Reserve Bank or other correspondent banks. Members may settle a variety of payments through their HLB OIA account, including:

The HLB will monitor the settlement activity information that we receive on your behalf and combine it into easy-to-read daily and end-of-day summary reports. Other available settlement services, include Coin and Currency Settlement through Wachovia and Disbursement Settlement through MoneyGram.

For more information, please contact us at (201) 356-1200.