Maintain Bank Defaults

You can view and edit the Bank Defaults for Reserve Funding, as follows:

1. From the main menu bar, click Bank Defaults.

   

   The Bank Defaults frame opens, listing the existing Bank Defaults.

   

   Tip: Click any of the column headings to sort the results by those criteria. Clicking repeatedly alternates the list between ascending and descending order.

2. From the Bank column, click the required Bank ID The 4-digit unique Bank ID..

   The Maintain Bank Defaults box opens.

   

3. Update the details of the Bank Default as required in the following fields:
   • Bank DDA

     The bank's primary DDA, which is obtained from the ICH screen in the initial data load.

   • Bank Transit Routing Number

     The transit routing number for the Bank DDA The bank's primary DDA, which is obtained from the ICH screen in the initial data load..

   • Reserve DDA

     The bank's Reserve DDA number where funds are held on reserve, to which a merchant is associated.

   • DDA Indicator

     The type of bank account for the Reserve DDA The bank's Reserve DDA number where funds are held on reserve, to which a merchant is associated., to which a merchant is associated. Select one of the following from the drop-down list:

     • Checking
     • Savings
     • GL
   • Transit Routing Number

     The Transit Routing Number for the Reserve DDA The bank's Reserve DDA number where funds are held on reserve, to which a merchant is associated., to which a merchant is associated.

     The Transit Routing Number is a nine-digit code that appears on the bottom of negotiable instruments, such as checks, to identify the financial institution on which it was drawn.

     Note: Canadian routing numbers only comprise eight digits, so to meet the Transit Routing Number field requirement of nine digits, you must add a leading zero to the number. For example; if the Canadian routing number is 12345678, you must enter 012345678 in this field.

   • ACH Indicator

     This value indicates how the reserve entries will be handled in the ACH file for the Merchant DDA. This is set as a Bank Default, but the value can be changed when adding or updating a Reserve ID or as a merchant-level Reserve Setting.

     Select one of the following values from the drop-down list:

     • Net: Indicates the Reserve Funding amount is subtracted from the merchant's Net Deposit, so the merchant will see one credit entry with the Net amount against their DDA.
     • Separate: Indicates separate entries for the Reserve Funding are created for ACH processing, so the merchant will see two entries against their DDA: one credit entry for the Net Deposit, and one debit entry for the Reserve Funding amount.
   • Merchant Statement

     This value indicates if the Reserve Funding section will display on the merchant’s statement, and which version will display; summary or detail. This is set as a Bank Default, but the value can be changed when adding or updating a Reserve ID or as a merchant-level Reserve Setting.

     Select one of the following values from the drop-down list:

     • None: Indicates the Reserve Funding section will not appear on the merchant's statement.
     • Detail: Indicates daily Reserve Funding activity will appear on the merchant's statement.
     • Summary: Indicates a summary of the Reserve Funding activity for the month will appear on the merchant's statement.
   • Chain Statement

     This value indicates if the Reserve Funding section will display on the chain summary statement. This is set as a Bank Default, but the value can be changed when adding or updating a Reserve ID or as a merchant-level Reserve Setting.

     Select one of the following values from the drop-down list:

     • None: Indicates the Reserve Funding section will not appear on the chain summary statement.
     • Summary: Indicates a summary of the Reserve Funding activity for the month will appear on the chain summary statement.
   • Carry-over Indicator

     This value indicates whether carry over will be used when reserving funds. This is set as a Bank Default, but the value can be changed when adding or updating a Reserve ID or as a merchant-level Reserve Setting.

     Select one of the following options from the drop-down list:

     • Yes: Any reserve amount not able to be taken during ACH processing will be added to the Carry-Over Balance and will try to be satisfied in the next ACH run.
     • No: Any reserve amount not able to be taken during ACH processing will be ignored.
4. Click Update.