What to Expect in Your Partnership with Cambr
Kicking off your journey with Cambr
- Onboarding Kick-off Call.
- Due Diligence Completion.
- Money and Data Movement Integration Test – confirm accuracy prior to sending funds.
- Your Bank is ready to go live.
Daily operations at a glance
- Your Bank delivers daily Balance file(s) for each Deposit Program to Cambr.
- Cambr can seamlessly support thousands of programs.
- Cambr processes the Balance file(s) and calculates the net balance change.
- Cambr prompts initiation of the true-up amount, deposit or withdrawal, via Single Day Omnibus Transaction.
- Transaction settles to/from Custodian Bank, the Custodian Bank settles funds to/from Cambr’s Bank Network.
- Cambr maintains relevant books and records.
Your monthly wrap-up
- Cambr sends fees to Your Bank fee account.
- Accounting team calculates and validates numbers.
Need help with money and data movement?
Contact the Operations Team who oversees your daily processes.