Uncollected Funds Maintenance (1)
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Screen ID: Screen Title: Panel Number: |
UUNCOL-02 Member Uncollected Funds Maintenance 6569 |
Access this screen by entering an account on the entry screen and using Enter.
Helpful Resources
Screen Overview
This is the second of two screens used to add, update or delete uncollected funds records for a member account. These records place a “hold” on funds so that they are not available for withdrawal.
Most of these are placed using the check hold Days field on the Teller Posting screen, but you may also place a temporary hold on funds for other reasons using this screen. (For example, say a member mails a large check to be deposited. If you post it through the Direct/Mail Posting system, you can use these uncollected funds screens to place a temporary hold on those funds to allow time for the check to clear.)
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To modify an existing record, select it in the list and use Change.
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To create a new uncollected funds record, use Add New (F6).
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To delete an existing record and release all funds, select it in the list and use Delete. One confirmation screen will appear.
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To view an existing record without changing anything, select it in the list and use View.
CU*TIP: If you experience problems with uncollected records being placed on the wrong account suffixes, resulting in negative balances or funds not being held properly, it is usually due to the wrong account suffix being entered into the Hold Type field on the Teller Posting screen. An optional warning can be activated that will automatically monitor the suffix entered to make sure that a matching deposit is actually made into that account. Contact a client service representative to activate this warning.
Field Descriptions
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Field Name |
Description |
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Transaction Date |
The date on which this uncollected funds record was created. |
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Amount |
The total amount of funds that are being held. This amount will be subtracted from the current balance to determine the available balance for various inquiry screens. |
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Release Date |
The date on which the total amount will be released. Uncollected funds records are released during beginning-of-day processing. |
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Reg CC Release Date |
The date on which the first $225 of the hold amount will be released. This is usually one day after the transaction date. |