Automated Holds Configuration

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UCHKHOLD-01

Automated Holds Configuration

3855


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Access this screen by selecting Tool #849: Automated Holds Configuration (maintenance) and Tool #968: View Automated Holds Configuration (inquiry).

Helpful Resources

How Do Check Holds Work (brochure)

Automated Deposit Hold: Understanding Check Holds, Electronic, and Member in Good Standing (booklet)

The left side of this screen is used to configure the settings for Teller check holds.  The right side of this screen is used to configured Mail/Deposit Holds (via Direct Mail Post - for imported batches only) and for deposits made by the member using RDC-IQ.

Teller Check Holds (Left Side)

The left side of this screen is used to define the default settings to use for all checks deposited via the Outside Checks screen in Teller Line Posting.  If you also choose to set up Electronic Deposit Hold Groups, then those settings will be used instead of these defaults, for members who have a Hold Group code assigned to them.

This screen lets you configure how holds will be placed on checks entered on the Teller Outside Checks screen. You can configure different hold days for individual and organizational accounts and you can also choose whether or not your tellers will be allowed to override the calculated hold when the check is deposited.

Field Descriptions - Teller Check Holds (Left Side)

Field Name

Description

Default # hold days

Use these to set the default number of hold days for checks for individuals (all Membership Designations under master type MI) or organizations (all Membership Designations under master type MO). These amounts are used as a default unless other settings in this section also apply.

Warn if funds not deposited to hold account

Check this flag and the teller will receive a warning if they indicate on the Outside Check screen that the deposit hold is to one sub-account and then select a different sub-account on the Teller Posting screen.

Allow teller to change hold days

When this is checked, tellers will be able to override the number of hold days calculated by the system while depositing checks at the teller line. If this is left unchecked, the check hold # of days fields will not allow manual entry.

Calculate using only business days

Check this to calculate hold release dates on your credit union’s business days only.  In other words, choose whether you want holds to be released on business days only (checked), or on any calendar day whether you are open for business or not (unchecked).

This setting will be visible on the Teller Outside Checks screen.

Business days are configured via the Credit Union Non-Business Days configuration (Tool #243 Configure CU Non-Business Days).

Holds by check amount

Check this flag if you wish to calculate holds on checks based on the dollar amount of the item. This number of days will be used if it is greater than the default selected at the top of the screen.

Amount From
Amount To
Default # of Days

If Holds by check amount has been activated, use these fields to enter amount ranges and default # of days for each tier. Up to six tiers can be selected. This check amount will be calculated and used on checks entered on the Teller Outside Checks screen.

  • NOTE: The number will only be visible if the teller presses Enter on the Outside Checks screen, but it will be used in any case as long as it is greater than the default hold.

Holds by R&T #s

Check this flag if you wish to calculate holds on checks based on the physical location of the financial institution on which the check is drawn. For example, you may wish to place shorter holds on checks within your own Fed districts, if those checks will generally be cleared more quickly than ones from further away. This number of days will be used if it is greater than the default selected at the top of the screen.

It will be up to your tellers to enter the first four digits of the R&T number for every individual check being deposited using the Teller Outside Checks screen. 
 

If you have activated holds by R&T, this screen will appear after you use Enter allowing you to set certain controls by R&T numbers

Tier Level
Default # of Days

If Holds by R&T #s has been activated, enter hold amounts for each of the four available tiers. (You will assign R&T numbers to each tier on the next screen.) Any R&Ts that are not assigned to a specific tier will be calculated using the number of days in the “All others” tier (tier 4).

 

Mail/Direct Batch Deposit and RDC Holds (Right Side)

The right side lets you configure how holds will be placed on deposits made via the Import feature of Tool #341 Direct/Mail Member Posting, which also includes batch RDC deposits. Similar to teller check holds, you can configure different hold days for individual and organizational accounts and you can also choose whether or not users will be allowed to override the calculated hold after the deposit batch is imported but before it is posted.

Field Descriptions - Mail/Direct Deposit Holds (Right Side)

Field Name

Description

Default # hold days

Use these to set the default number of hold days for individuals (all Membership Designations under master type MI) or organizations (all Membership Designations under master type MO). These amounts are used as a default unless other settings in this section also apply.

Calculate next day (Reg CC) release date

Check this flag to control whether the next-day (Reg. CC) release applies to these batch deposits. Leave it unchecked if you do not want to release the first $200 the next day.  (This will be either the next business day or the next calendar day, depending on the other setting below.)

Allow user to change hold days before posting

When this is checked, users will be able to override the number of hold days calculated by the system while importing deposit batches in Direct/Mail Post. If this is left unchecked, the check hold # of days fields will not allow manual entry.

Calculate using only business days

Check this to calculate hold release dates on your credit union’s business days only.  In other words, choose whether you want holds to be released on business days only (checked), or on any calendar day whether you are open for business or not (unchecked).

Holds by check amount

Check this flag if you wish to calculate holds on deposits based on the dollar amount of the item. This number of days will be used if it is greater than the default selected at the top of the screen.

Amount From
Amount To
Default # of Days

If Holds by check amount has been activated, use these fields to enter amount ranges and default # of days for each tier. Up to six tiers can be selected. This check amount will be calculated and used on imported deposit batches in Direct/Mail Posting.

 

 

 

Link to ID: https://help.cubase.org/cubase/cubase.htm#UCHKHOLD-01.htm