ACH Prefunding Account Balancing Flashcards
1
Q
What is the purpose of balancing the ACH prefunding account?
A
The purpose is to ensure the ACH prefunding account is balanced correctly every day, with no errors or out of balance conditions.
2
Q
What should you do if the ACH prefunding account is out of balance?
A
Loss prevention researches the cause and makes corrections as needed.
3
Q
Where is the balancing file sent at the end of each month?
A
The balancing file is sent to Deposit Operations to certify in Blackline.
4
Q
A
