Add a Single Book Transfer Page

Use this page to add a book transfer that involves transferring money out of one account into another account.

You also use this page when modifying a one time, many to one book transfer. In this case, "Modify" appears in the page title instead of "Add."

Fixed Amount Transfer

Target Balance Transfer

Value Date
Transfer Amount
Reference

Make a recurring Transfer

NOTE: A target balance (threshold) book transfer involves transferring money out of one account into one another account only when the sending account's balance is greater than the user-specified threshold amount. The amount transferred to the receiving account is the amount of money in the sending account over and above the specified threshold amount. If the current account balance in the sending account is less than the specified threshold amount on the scheduled date, the transfer does not occur.

Also, your system may be configured for a minimum amount for a target balance transfer. In this case, the balance in the account must be equal to or greater than the threshold amount plus the minimum transfer amount in order for a transfer to take place.

Sending Account: This section identifies the financial institution at which the account is located and the number of the account from which the money is being transferred.

Financial Institution
Account
 

Receiving Account: This section identifies the account receiving the total amount of the transfer and the financial institution at which it is located.

Financial Institution
Account

If the Make a Recurring Transfer option was selected, the page will display these additional fields with which the recurring schedule is configured:

Schedule: This section identifies when the transfers should occur.

Frequency

Begin Date

End Date

Except On: This section indicates whether or not the transfer (of the selected type) should occur if the scheduled date falls on a holiday or non-business day. This determination is initially set at the financial institution level, but may be overridden at the customer level as follows:

• If the financial institution allows transfers to be processed on holidays and non-business days, neither the Holidays or Non-Business Days boxes are selected. You can allow the transfer to take place on the holiday or non-business day or you can indicate that another date be substituted (previous business day, next business day, or skipped altogether).

• If the financial institution does not allow transfers (of the selected type) to be processed on holidays, the Holidays box is checked and you must indicate a substitute date for the transfer (previous business day, next business day, or skipped altogether).

  If the financial institution does not allow transfers (of the selected type) to be processed on non-business days, the Non-Business Days box is checked and you must indicate a substitute date for the transfer (previous business day, next business day, or skipped altogether).

Substitute Day: This section indicates the day the transfer should occur if its scheduled date is a holiday or non-business day and the transfers are not allowed on those days (the corresponding Holiday or Non-Business Days box is selected).

Previous Business Day indicates the transfer should be processed on the business day immediately before the scheduled date.

Next Business Day indicates the transfer should be processed on the business day immediately following the scheduled date.

Skip Payment indicates that you want to skip this occurrence of the transfer. The transfer will not be processed until the next scheduled date.