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Second Day Uncollected Funds fields

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

Second Day Uncollected Funds fields

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Use these fields to view and edit information about Second Day (Non-Local) funds on the customer deposit account. Second Day funds are checks drawn on institutions in a different 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_ucfsecondday

 

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: DUNLXA, DUNLXD

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

Next Day No Excess

 

Mnemonic: DUNXNQ, WKDT10

This field contains amounts for funds that are designated Second Day (Non-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: DUNLAM, DUNLEX

This field contains the amount of the Second Day hold. This amount is entered when a deposit transaction is run with the Non-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: DUNLQA, WKDT09

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 Non-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: DUNLEA, DUNLED

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 Non-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.

 

This field contains an amount that comes from a transaction that includes Second Day (Non-Local) deposits by one or more checks to the extent that the aggregate amount is greater than the amount specified by the Large Excess Amount institution option (see the Deposit Funds Holds Options help page). If your institution does not aggregate, this field is not used. The expiration of this type of hold will use the Next Day Extended Days institution option.

 

For example, a customer deposits three local checks totaling $9,000 into their account. The teller enters “9,000” in the Local field and marks the Excess field. They system would hold the funds as follows:

 

$200 into Next Day Amount would expire the next business day.

$4,800 into Amount Amount would expire in five days.

$4,000 into Excess Amount would expire in seven days.

Exception

 

Mnemonic: DUNEAM, DUNEEX

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 Second Day (Non-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.

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