Create transfer rule

Procedure

1. From the Transfers menu, in the Manage section, select Transfer Rules. The Manage Transfer Rules page appears.

   Note: If a Transfers menu is not available, transfer rule options may be accessed using the Payments menu.

2. Click Create Transfer Rule. The Create Transfer Rule page appears.

3. Using the description in the following table, enter the criteria for the transfer rule:

   Rule Description

   The description of the transfer rule, which is used to identify the rule.

   This description is displayed on the Manage Transfer Rules page.

   Target Account

   The account for which the balance will be evaluated, based on the defined transfer rule criteria

   Funds will either be transferred to or from this account, based on whether the rule is an above or below balance rule.

   Threshold Type

   Identifies whether funds are transferred to or from the target account to obtain the Target Balance. Options include:

   • Above – Funds are transferred from the Target Account.
   • Below – Funds are transferred to the Target Account.

   Threshold Amount

   Indicates the balance in the Target Account that triggers the creation of a transfer

   The balance of the Target Account and is compared to the Threshold amount when the rule is evaluated to determine whether a transfer is required.

   Secondary Account

   The transfer account used to reach the Target Balance in the Target Account

   Target Balance

   Identifies the target balance for the Target Account

   Funds are transferred between the Target and Secondary Accounts so that the balance of the Target Account equals the amount defined in this field.

   • If the Threshold Type is Above, this amount must be less than or equal to the Threshold Amount.
   • If the Threshold Type is Below, this amount must be greater than or equal to the Threshold Amount.

   Note: For examples, see Examples of transfer rules.

   Frequency

   Identifies how often this rule should be evaluated by the system

   A transfer is created by the system each time the rule is evaluated if the criteria associated with the rule are met.

   Options can include, the following:

   • One-Time Only – The rule is processed once, and only on the defined start date.
   • Daily – The rule is evaluated by the system every day.
   • Weekly – The rule is evaluated by the system once a week.
   • Monthly – The rule is evaluated by the system once a month.

   Start Date

   Indicates the first date this transfer rule is to be evaluated by the system.

   Note: The transfer rule is only evaluated if the status of the rule is Active.

4. Click Continue. The Preview Transfer Rule page appears.

5. Review the rule definitions, and then click Submit Transfer Rule. The Manage Transfer Rule page appears showing a success message.