Check Pay Limit Setup

Training Outline

Definition:

Check Pay limits are set up as overdraft/courtesy pay limits linked to a checking/draft account within the system. There are different levels available and the table is customizable for each credit union. Since the system allows each account to be analyzed daily, there is also a report that coincides with those who have had limits added and removed.

The MEMBER SCREEN (and the expanded view of the DRAFT ACCOUNT) will display if a member has check pay on their account. See MEMBER SCREEN-EXPANDED VIEW for more details of manually adding/disabling check pay, and also Reg E to offer one-time debit/ATM transactions to overdraft an account. The member MUST have check pay for the overdraft to be approved for Reg E.

Each night, or as defined by the credit union, the Check Pay Configurations are run through the system to determine if limits need to be added, updated to a new level/grade, or removed. All grade assignments will be based on current configurations, including limits.

Roles:

Navigations

Check Pay Limits Maintenance

Permissions

Reports Available:

• Add/Remove Check Pay
  

Procedure:

• Navigation: F3- OTHER EFT/BO Items: Check Pay Limits
  

August 2015    Page 1 of 3

Check Pay Limit Setup

• Select ‘New’ to create a new limit
  

• Place a ‘code’ that can be up to 3 characters long to appear in the drop down box
  

• Set the grade limits for this particular grade such as: Grade A: 500, Grade B 300 and Grade C 100.
  

• Chose which grade will be the default grade
  

Check pay Configurations:

Press ‘Add’ to add a new configuration

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Check Pay Limit Setup

This will allow the member to choose when to automatically assign an account a check pay limit or to remove it. If the credit union meets the specified criteria then the check pay will be added to their account but if they no longer qualify for the check pay limit, then it will be removed.

The adding and removing of check pay is completed when EOD runs at night.

• Choose a description
  

• Choose the check pay grade (if you are adding or removing the check pay etc.)
  

• Write an SQL query so CUProdigy can find the accounts to affect.
  

• You can ‘Test’ the query to see the number of accounts it will currently affect.
  

Helpful Hints:

• Can Check Pay Grades CAN be Over-written
  

• Suggestion: set Grades A, B, and/or C as your limits and then have D be zero.
  

• Check Pay Configuration can ignore a D grade.
  

• Check pay can be disabled at the member level altogether and the system ignores the account when doing its analysis.
  

• This is done by going into the account expanded view of the specific checking account and changing the Check Pay Grade to “Disabled.”
  

• Check pay grades can be manually set at the member level by going to the expanded view of the checking/draft account.

February 2016    Page 3 of 3