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Overdraft Defaults field group

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Overdraft Defaults field group

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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.

 

ddpc_overdraftdefaultsfg

 

The fields in this field group are as follows:

 

Field

Description

Incremental Amount

 

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).

Fee - Percent of Transfer

 

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.

Fee Code

 

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)

Amount Code

 

Mnemonic: PCOVDC

Use this field to indicate a code that defines transfer amounts when processing overdrafts on the products. See below for more information.

 

Flat Fee

 

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.

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