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Overdraft Defaults field group
Use this field group on the Checking tab to view and edit information about overdraft features of the product being created/edited.
Overdraft features can be adjusted for individual customer accounts on the Deposits > Account Information > Overdraft & Secured Loans screen. For the transaction, institution, and CIM GOLD features that pertain to the use of the overdraft feature, see the Overdrafting Conditions and Options help page.
The fields in this field group are as follows:
Field |
Description |
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Mnemonic: PCODAM, PCODA7 |
Use this field to indicate the transfer amount to use when processing an overdraft on the product for Amount Codes 2, 3, 5, 6, and 9 (the highest possible amount for these codes is $999.99. If Amount Code 7, 9, or 10 is used, this limit is increased to $99,999.99). |
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Mnemonic: PCODPR |
Use this field to indicate the percentage of the overdraft transfer amount to charge as a fee to the product. This field is only used if the Fee Code field below is set to "3 - Percent of Transfer Amount (From O D Fee % of Transfer Field)."
Values must be entered in this field with a decimal. For example, if the transfer amount percentage should be 4 percent and "4" is entered in this field, the value in the field will process as ".004" when <Save Changes> is clicked. If "4." is entered, the value in this field will process as "4.000" instead. |
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Mnemonic: PCODFC |
Use this field to indicate the type of fee to charge to the product when when an overdraft is processed. Possible selections in this field are:
0 - No Overdraft Fee 1 - One Fee Per Overdraft 2 - One Overdraft Fee Per Processing Day 3 - Percent of Transfer Amount (From Fee - Percent of Transfer field above) |
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Mnemonic: PCOVDC |
Use this field to indicate a code that defines transfer amounts when processing overdrafts on the products. See below for more information.
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Mnemonic: PCODFF |
Use this field to indicate a flat fee to charge when processing overdrafts on the product. This field is only used for Fee Codes 1 and 2. |