Automated/Mail Check Printing System

The CU*BASE Automated/Mail Checks system is designed to streamline your routine member check printing process and let you offer your member even more flexibility in receiving checks through the mail. Checks are gathered from many different areas in CU*BASE, including certificate dividend and redemption checks, IRA distribution checks, and the Check Funds Transfer (CFT) automated system. Batches of checks can then be printed on a daily basis from one central screen.

With this system, the person who generates or sets up the checks does not have to be the one who actually prints them and sends them to your members.

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Take a look at the many different checks which are handled through this easy-to-use system:

  • Automated Checks

This is an optional feature you may choose to offer your members in It's Me 247 online banking. Members select an account and request a check drawn from the account, then you simply print the check using the Auto/Mail Checks system and mail it to the member. (Contact a client service representative if you wish to activate this feature.)

When a certificate matures, a member can elect for the entire balance of the certificate to be redeemed and paid in the form of a check. When the certificate is set up, set the Renewal Code field to “3” (Check). Upon maturity, the system will withdraw all certificate funds and generate a check, to be printed using the Auto/Mail Check printing system.

If a member wishes to have certificate dividends paid directly to them via a check, set the Div Disburse Code field to “2” (Check) when creating the certificate. When dividends are paid by the system, a check will be generated and can then be printed using the Auto/Mail Check print system.

A companion to the Automated Funds Transfer (AFT) system, Check Funds Transfer (CFT) lets members take their IRA Payout Distributions in the form of automated checks. When setting up a CFT, if the IRA Payout Distrib. flag is set to “Y,” the check will be included in this group when the checks are generated.

The Check Funds Transfer (CFT) system also lets members request periodic withdrawals from any share accounts to be disbursed per their instructions in the form of an automated check. When setting up a CFT, if the IRA Payout Distrib. flag is set to “N,” the check will be included in this group when the checks are generated.

When posting Club Accounts, such as Christmas or Vacation Clubs, if you elect to generate checks rather than account transfers, the checks are printed via the Auto/Mail Check printing system.