Deposit Screens > Account Information Screen Group > Funds Holds Screen > Uncollected Funds and Deposit Delay tab > Uncollected Funds field group

Use these fields to view and edit information about Next Day (Local) funds on the customer deposit account. Next Day funds are checks drawn on institutions in the same Federal Reserve area as the institution receiving the deposit.

In order to access UCF options, the Account Uses Uncollected Funds field on this or the Deposits > Account Information > Additional Fields screen must be marked. To learn more about UCF, see the Uncollected Funds Types and Options help page. UCF are set up on customer accounts from this tab as well as the Uncollected Funds Options field group on the Additional Fields screen. See the Funds Holds main screen help for more information about funds holds and deposit delay options.

Government regulations determine how long institutions can hold checks before allowing customers to use funds. These options are based on where the check was from, how much the check was for, and even the deposit history of the account owner (see the Deposit Funds Holds Options help page for more information).

daifh_ucfnextday

In this field group, each Amount field corresponds to an Expiration field to the right. Each Expiration field is used to determine the calculated date on which the corresponding UCF hold Amount will expire. Holds drop the morning of the expiration date and are available for withdrawal on that date.The system will automatically delete uncollected funds records on the morning of their expiration dates.

The Amount fields in this section are as follows:

Field

Description

Next Day

Mnemonic: DULNXA, DULNXD

This field contains an amount that comes from a transaction that includes the portion of funds that will be available no later than the next business day following the day on which the Next Day (Local) funds are deposited. The hold amount minimum is $200.00.

Next Day No Excess

Mnemonic: DUNXLQ, WKDT08

This field contains amounts for funds that are designated Next Day (Local) and have the GOLDTeller Excess field left blank. The Excess field appears on the Deposit transaction only if your institution aggregates large deposits (ee the Deposit Funds Holds Options help page). These funds need to be kept separate from the amount specified in the Next Day Amount field above.

Amount

Mnemonic: DULRAM, DULREX

This field contains the amount of the Next Day hold. This amount is entered when a deposit transaction is run with the Local Amount field populated. See the Deposit Transaction Hold Setup help page for more information. This is the amount of the check that will be available to the customer on the morning of the corresponding Expiration date.

No Excess

Mnemonic: DULQAM, WKDT07

This field is only valid if your institution aggregates large deposits. If the teller leaves the GOLDTeller Excess field on the Deposit transaction blank and enters an amount in the Local Amount field, then that amount will be displayed in this field (minus the standard $200 to the Next Day No Excess Amount field above). See the Deposit Transaction Hold Setup and Deposit Funds Holds Options help pages for more information.

Excess

Mnemonic: DULLEA, DULLED

This field is only populated if your institution aggregates large deposits. If the teller marks theGOLDTeller Excess field on the Deposit transaction and enters an amount in the Local Amount field that totals more than the Large Excess Amount option, then the remaining amount will be displayed in this field. See below for more information.

Exception

Mnemonic: DULEAM, DULEEX

This field is only used if your institution designates extended holds for certain accounts. This field contains an amount that comes from a transaction that includes Next Day (Local) funds where either the customer account is extending holds or the teller has marked the GOLDTeller Extend field on the transaction. The funds are available for withdrawal in accordance with the Next Day Extended Days institution option (see the Deposit Funds Holds Options help page).

Examples of extended holds could include accounts where re-deposited checks are returned unpaid once already, the account has had repeated overdrafts, or there is a reasonable cause to doubt the validity of a check. Therefore, your institution may extend the hold (according to government regulations) by a couple days to ensure the check clears before releasing any funds to the customer.