Posting Debits and Credits – Important Considerations

• Warning:  Members may expect debits and credits to post at a particular time especially debits in the evening.  Caution should be taken if changes are made.

• Warning: Same-day ACH requires that same-day items (credits and debits) must be posted on the day that they are received.  Refer to NACHA Guidelines for specifics.

• Important:  If you are an Xtend SRS Bookkeeping client, please contact Xtend before making any changes to the ACH Posting Controls configuration screen.

• When does CU*Answers receive the ACH files that are available throughout the day?

Timings of Postings

This posting timing is configured on the ACH Posting Controls screen. 

• IMPORTANT NOTE: Only items with an effective date of today will be posted. Just choosing to add an additional posting to the day (such as activating credits for the third posting) does not necessarily make the items post any faster than they otherwise would, because the normal post process still pays attention to the effective (settlement) date on the incoming item. But if you would like to post a specific company’s credits as soon after they arrive as possible, you can use either the Early Post/Effective Date Override for Specific Company IDs feature or the Extract/Post Single ACH Company feature.

Credits and debits must both be selected

If you process ACH transactions the ACH Posting Controls screen requires that you post at minimum credits once a day and debits once a day. Otherwise you will be presented with an error and cannot save the settings on the screen. Note that additional considerations must be weighted in meeting ACH regulatory requirements. Refer to NACHA guidelines for specifics.

Same-Day Debits and Credits

You must configure your same-day credits and debits to post the same-day that they are received.  Refer to NACHA Guidelines for specifics.

Debits in the morning

If your credit union chooses to add debits in the morning post, this is what could increase the number of exceptions as you will not have time to maintain any invalid account numbers, etc.  If you use this method, for example, you will need to make an account adjustment feature if the member is NSF.