Case Study: Country Club Bank achieves faster foreign check clearing with Currency Exchange International

Country Club Bank doubles foreign check clearing revenue with Currency Exchange International

Country Club Bank, a community bank in the Midwest, faced a labor-intensive and slow manual process for clearing foreign checks for its customers. Seeking to improve operational efficiency, security, and fee income, the bank partnered with Currency Exchange International (CXI) to find a better solution for its foreign check clearing service.

CXI implemented its online CXIFX platform, which streamlined the clearing process with remote deposit scanning and smart check identification tools. As a result, Country Club Bank more than doubled its foreign check clearing revenue in the first year, now processing over 1,000 transactions annually with a total volume exceeding $4.2 million. The solution also reduced processing time and shipping costs while receiving positive feedback from both clients and staff.

Country Club Bank