Negative Balance Accounts |
  
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Navigation: Deposit Screens > Definitions Screen Group > Event Setup Screen >
Negative Balance Accounts |
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This event runs daily in the afterhours. You need to choose the days when you want letters generated for negative accounts. Ten intervals can be entered in the Run Options boxes below. Each interval has a separate event number. The first interval’s event number is 5010, the second is 5011, third is 5012, fourth is 5013, fifth is 5014, sixth is 5015, seventh is 5016, eighth is 5017, ninth is 5018, and tenth is 5019.
Any account that has a negative balance will create an event record. You can specify an amount for the negative balance limit you want for letter creation. Enter a figure in the Limit For Event field (see below). You can choose to generate a record on the day an account goes negative and for nine other days.
If both this field and the Last Accessed field are blank, no escheatment is created.
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Note: If a run date falls on a non-processing day, the record will be generated the processing day before the run date you specified in the Run Options field. If your intervals are set to three days or less, accounts may qualify for multiple letters. However, only one letter will be generated. The highest-interval event will be used for the letter. |
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Event Number: 5010-5019, 5110-5119 (No Mail - See the main Event Setup Screen help for more information on the No Mail Option.)
Event Letter: 0001 = Checking, 0002 = Savings, 0003 = Certificate, 0004 = Retirement
See the following options involving this event:
You can choose to generate a record on the day an account goes negative and for nine other intervals. For example, if you want a letter to generate on the first day an account becomes negative and every week after, then type "1," "8," "15," "22," "29," and "30" in the Run Options fields. You can generate up to 10 letters a month for negative accounts. If a run date falls on a non-processing day, the record will be generated the processing day before the run date you specified in the Run Options field. |
In the Limit For Event field, enter the negative balance limit you want to generate a letter. This amount needs to be a positive number; the system assumes it as a negative amount. If this field is left at zero, any account with negative balance will produce an event letter. |
