Opening Checking Accounts
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Screen ID: Screen Title: Panel Number: |
UMBRACCT-03 New Account Creation 2417 |
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This screen appears after selecting a regular or HSA checking account product on the New Account Creation screen.
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Check out the video related to this topic: Opening Sub-Accounts (More videos below!) |
Helpful Resources
Learn how to complete tasks related to opening/closing memberships/accounts.
Screen Overview
This screen allows you to open a checking account. Special features are available to allow you to proceed directly to setting up secondary names, configuring overdraft protection accounts, and even printing starter checks, after the checking account is opened. (See below for more information on these optional flags.) There will be a slight variation in the fields to be completed depending on whether you are opening a regular checking or an HSA checking account.
Use Procedures (F21) to see a list of credit union-defined policies and procedures pertaining to opening this account.
Use Work Checklist (F18) to move to work the checklist for this dividend application. This will allow you to “check off” items on the checklist when opening the account. This checklist can be used by your Member Service team to ensure each member receives the same level of service. (If this is your base (000) account, this checklist is also used as the membership checklist for the Open/Closed Dashboard.) SEE ALSO: Creating Checklists for information on configuring this list.
Planning for the Next Steps Upon Opening the Account
The blue box in the upper-right corner of the screen lets you choose where to proceed after you use Create (F5) to open the new account:
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Check Secondary names to proceed to the Secondary Names Linked to This Account screen and add new joint owners, misc. owners, or beneficiaries to the new account.
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Check Print starter checks to proceed to the Print Member Starter/Replacement Checks screen and print a batch of starter checks to tide the member over until their permanent checks arrive. (This box will be checked automatically if starter checks have been configured via Tool #259 Member Configure Member Starter/Replacement Checks.) If this box is unchecked, this means that your credit union has selected not to offer starter checks. When you attempt to check this box, you will get a warning. Your credit union will need to return to the configuration screen and check the "Use starter checks" box and ensure the configuration is completed.
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If your credit union uses an online check ordering interface, check Order checks to proceed to that check ordering system after opening the account. (SEE ALSO: Configuring a Custom Check Ordering Interface)
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Check Order ATM/Debit card to proceed to the ATM/Debit Card/PIN Order screen to complete your card ordering process (note that the BIN selection screen will appear first after the member overdraft and check ordering screens, after which you will be able to finish the appropriate maintenance to order a card).
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Check Account nickname to proceed to the Nicknames screen, to add a nickname to the account.
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Check Custom fields to proceed to the Custom Account Information screen to add custom field content to the account
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Check Enroll in marketing club to enroll this account in a Marketing Club.
When done, use Create (F5) to open the account. If any TIS disclosures or other Misc. Member Account Forms have been defined and attached to this product, a window will appear to allow you to choose a printer. Your Employee ID will automatically be recorded in the account record as the MSR who opened the account.
Effective Dating Accounts at Account Opening
Want to effective date this
account and select an open date prior to the current day? If
you have missed opening an account on a Friday, for example, on Monday
you can change the Open Date to match the date the member actually intended
for the account to be opened on the system. Use Unlock
Fields (F23) or click the 
button on the screen next to the open date field and the Open Date field
will become an input-capable field, allowing you to enter the correct
date. (We have even added a 90 day reasonability check to ensure you don’ t
type in the wrong year!)’ The Open Date is the only field that
is changed. The last maintenance date will remain the current date. The
members statement will include a zero dollar transaction that the account
was opened on the current date for the selected date (and thus the last
trans date in MEMBER1 will also be the current date).
Field Descriptions
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Field Name |
Description |
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New account # |
The base account number, along with the suffix assigned to this account. Use the "Next Available" button to increment the suffix, for checking accounts, to the next available within the configured range. NOTE: This is not intended to be used as routine, as the lowest suffix will always be presented. Follow your credit union's procedures. |
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New account type |
The account type, selected on the previous screen. |
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Opened |
The current date. |
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Share draft check digit |
(Appears when creating share draft/checking accounts only.) A check digit is used in the MICR line on printed checks for account number verification during check printing and check processing. IMPORTANT: Programming must be done in CU*BASE to ensure that the check digit shown here uses the same formula as dictated by your check printing vendor. In addition, you must contact a CU*BASE representative if any changes are anticipated that would affect the calculation used by the CU*BASE check digit calculator. |
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MICR account (checking accounts) |
Displays the member's MICR for the new account. |
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Dividend pay code |
If allowed by the configuration for this dividend application, this option lets the member choose where dividends for this account will be paid. Choose one of the following: 0 Transfer - Dividends will be paid directly into the base share (000) account. 1 Addback - Dividends will be added back to this account. 2 Check - Dividends will be paid to the member by check. (These checks are printed using the Print Auto/Mail Checks feature (Tool #632: Print Auto/Mail Checks).
4 Transfer to G/L – The selected percentage of dividends will be paid to a selected G/L. All dividends that are not paid to the G/L will stay in the member’s account.
See also: Dividend Donations: Setting up a Plan for Your Members |
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If 0, transfer to account |
If the Dividend Pay Code for this account is set to 0 (Transfer), enter the account base and suffix where dividends should be deposited when paid on this account. |
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Negative balance limit |
This field is used by the Automated Non-Returns system when posting electronic items (checks, ACH, bill pay, etc.) to a negative balance for a fee. If this member is eligible for a limit now, enter it here. Otherwise leave the field blank. SEE ALSO: Automated Non-Returns |
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Lock this limit so it will not be changed by automated scoring |
This field allows you to lock the Negative Balance Limit for this account so that it will not be changed by the monthly automated “scoring” routines. This might be used if you want to permanently set the limit to $0.00 so that this member is never eligible for negative balance processing. |
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HSA Type |
Choose the appropriate HSA Type (Single or Family). |
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Annual Deposit Limit |
Enter the annual deposit limit based on this particular member's situation. The default limits come from the settings on the Set HSA Annual Deposit Limits screen. |
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Activate debit card round up |
Used with Debit Card Round Up feature. Refer to Debit Card Round Up manual. |
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Transfer to savings account |
Used with Debit Card Round Up feature. Refer to Debit Card Round Up manual. |
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Donate to recipient |
Used with Debit Card Round Up feature. Refer to Debit Card Round Up manual. Access the lookup screen. |
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Overdraft Service for ATM & Everyday Debit Card Transactions |
This area allows you to select a member’s Opt In/Opt Out Reg E selection. The two check boxes shown here allow for a selection at the membership level. Exceptions at the individual sub-account level are allowed only if the member selects to Opt In at the membership level. (The member can then select to opt out at the sub account level on the Opt In/Opt Out Maintenance Screen.) SEE ALSO: For an overview of the Reg E Opt In/Opt Out features in CU*BASE, refer to the booklet Managing Your Opt In/Opt Out Reg E Offering. (NOTE: A PDF version of this booklet will open.)
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Additional Video Resources
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Check out these additional video resources! |
View more videos related to opening memberships/accounts.
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