ACH Over Limit Next Day

Question 1

What reports does Loss Prevention review on day two for ACH Transactions?

Answer 1

• ACH Tracker
• HOA Platform reports

To identify batches from the previous business day that were reset or remain suspended.

Question 2

Which report in the ACH Tracker identifies batches that exceeded the originator’s ACH limit

Answer 2

The ACH Limits EOD Detail reports in ACH Tracker

Question 3

What are the three ACH limits EOD Detail reports in ACH Tracker, and what do they show?

Answer 3

1. ACH Limits EOD Detail: Exposure report.
   Displays originators with an exposure limit set in ACH Tracker.
2. ACH Limits EOD Detail: Daily Report.
   Displays Originators w/ daily limit set in ACH Tracker
3. ACH Limits EOD Detail Report:
   Displays batches that exceeded the originators’ ACH Limit

Question 4

Which reports in the SmartStreet HOA platform identify batches exceeding the originator’s ACH limit?

Answer 4

• ACH Exposure Debit Exception Report
• ACH Over Limit Monthly Log

Question 5

What is compared to the day two reports to ensure accuracy?

Answer 5

The ACH Over Limit Monthly Log is compared to the day two reports to ensure amounts are correct and that appropriate approvals were received.

Question 6

What must be checked for over limit transactions in day two reports?

Answer 6

Ensure that appropriate approvals were received and email approvals/transaction confirmations are saved.

Question 7

After identifying over limit transactions and confirming approvals, what action is taken?

Answer 7

Comments are added to the report for the over limit transactions