Collect on a Returned Check

The Collect on a Returned Check page allows you to recover funds if a check is returned without being paid.

Transaction Description

Brief description of the collection transaction

Account

The account from which the payment originates in the format:
Account nickname – Account number – Account currency

Select it from the list.

ACH Company ID

If the account has only one ACH Company ID associated with it, this field does not appear.

If the account has more than one ACH Company ID associated with it, select the appropriate ACH Company ID from the list.

Settlement Options

This field only appears if the account is configured for balanced files.

If it appears, select the appropriate settlement option:

• Credit this account once as a single transaction
• Credit this account as an individual transaction for each recipient

Effective Date

The date on which you want the payment settled for all recipients in the batch

The standard effective date is supplied, but the date may be changed by typing it or selecting it from the calendar.

Be sure to allow enough time for processing. The system checks the following conditions to determine whether an entered date should be allowed:

• Non-processing days – The effective date must allow for a send date that is a business day (processing day) for the financial institution. Note that the processing schedule may vary according to the payment type.
• Minimum lead time – Transactions must be scheduled either one or two days before the effective date, depending on whether the payment is a credit, debit, or mixed batch.
• Future-dating restrictions – The financial institution may restrict the number of days into the future that a payment can be scheduled.
• Allowance for same-day settlement – For payments that both originate and settle within the financial institution, the effective date can be the same as the current date.

Recipients

To add a recipient for the payment, choose one of these options:

• Select Existing – Clicking this button displays the Select Recipient overlay, where you can select recipients for the payment.
• Create New – Clicking this button displays the Create Recipient overlay, where you can create recipients for the payment.
• Import From File – Clicking this button displays the Import Recipient overlay, where you can select an import profile.

After selecting, creating, or importing recipients and leaving the overlay, the populated recipients area appears.

Filter

This area helps search for a subset of the available data.

From the list, select any or none of the options. Show All is the default.

In the search field, enter the criteria you want to use to focus the search, and click the magnifying glass icon. The search results appear on the page.

Recipient Name

The name of the payment recipient

Recipient ID

An identifier for the recipient

Account Number

The number of the recipient's account

Check Number

The number of the check returned due to insufficient or inaccessible funds

Amount

The payment amount

Zero All

Click the Zero All button to quickly change all amounts to zero.

Additional Fee

An additional amount charged as a fee for the returned check. Since the fee is optional, it can be zero.

When an amount is entered, system generates (during batch execution process) a PPD record for the fee amount. In the ACH payments list (pending or processed), a single payment record is displayed for the total RCK debit amount, the check amount plus the fee amount.

Note: It is not necessary for the user to be entitled for PPD.

Zero All

Click the Zero All button to quickly change all amounts to zero.

Status

One of these statuses:

• Active – The transaction is active, that is, not on hold
• Hold – The transaction is on hold for the recipient. Other payments in the batch can be processed.

Note: Prenotes are not applicable to this payment type.

Set All

Click the Set All button to quickly change all the recipient transactions to the same status.

Remove

To remove the recipient, click (the Delete Icon).

Total Recipients

Total of all recipients not on hold

Total Amount

Total of all values in the Amount column plus any amounts in the Additional Fee column

To continue to a preview screen where you can review your input before submitting it, click Continue.

To save your input before you finish all input, click Save Incomplete.