Financial Institution OTCnet Enrollment
OTCnet Enrollment for Financial Institutions
Enrolling your financial institution in OTCnet is easy. This page provides information and key documents necessary for getting started, taking training, and creating OTCnet users at your organization.
As you know, the CASHLINK II system will be phased out as part of the Collections and Cash Management Modernization initiative that will transform the government's infrastructure for revenue collection. With the phasing out of CASHLINK II, all agencies with OTC deposits to commercial banks and Federal Reserve Banks must report them electronically in OTCnet. To prepare for the transition away from CASHLINK II, agencies should begin migrating all OTC deposits to OTCnet’s Depositing Reporting function.
Once your organization is enrolled, we will work with your financial institution for the transition to OTCnet.
Once your Financial Institution is enrolled, you may begin to enjoy the benefits of OTCnet, the web-based system that enables federal agencies to integrate check conversion and deposit reporting activities, so that all check and cash deposits are handled by a single, secure web-based application. With OTCnet you will improve over the counter collections by fully automating the collection, reconciliation, research, and reporting processes.
Financial institutions with federal agency customers using OTCnet will need to be enrolled in the system to enable those customers to utilize the deposit processing and reporting functionality of OTCnet.
In addition to the OTCnet enrollment information on this page, if you need assistance, please contact one of the members of the OTCnet Team.
To get started with your OTCnet enrollment, you will need to do the following:
Again, please contact the OTCnet Team with any questions or if you need any assistance.
It is recommended to complete OTCnet Self-paced, Web-based Training (WBT) prior to using the system and making your first deposit in OTCnet. WBT is recommended for all OTCnet users. To locate the Web-based training, please click here. You do not need a login or password to access the site.
Once you have completed the PLSA form and you have taken OTCnet training, you are ready to create users for your Financial Institution in OTCnet. After you create the appropriate users in OTCnet, your Financial Institution will be fully setup and ready to use OTCnet. An overview of OTCnet users is available in the OTCnet User Roles overview document.The OTCnet Team will work closely with Financial Institutions to ensure your enrollment in OTCnet is a success. If you have questions or need assistance, please do not hesitate to contact us if you need assistance.