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Quick Reference Guide: ACH Unbalanced Batches

Overview

This enhancement provides the ability to submit an unbalanced batch of ACH transactions from Treasury Management to SilverLake. By implementing this configuration, users utilizing an unbalanced: full offset or an unbalanced: partial offset ACH Company will not be required to select an offset account, and Treasury Management will not transmit an offset entry with the batch to SilverLake. The offset entry will occur within SilverLake.

Benefits

Benefits for Banks

Decreased risk of limit violations due to onus items being included in in the Daily Dollar Limit.

Benefits for Customers

No longer being required to select on offset account.

SilverLake ACH Company Configuration

1. Allowed to Originate Debits, Credits, or Both: Allowed to Originate Debits, Credits, or Both can be configured to Debits, Credits, or Both.

2. NetTeller Offset Flag: NetTeller Offset Flag can be configured to O – Create Offset or D – Net Difference, for Treasury Management customers. This feature is utilized by multiple digital platforms. There is no dependency for NetTeller for Treasury Management customers.

3. Offset Account: The Offset Account/Offset Account Type must be configured.

Back Office Product ACH Configuration

1. Allow Unbalanced ACH Batches: Allow Unbalanced ACH Batches is part of the ACH Product Feature Configuration.

  • This configuration will default to No.
  • Until this configuration is set to yes, customers will not be able to submit an unbalanced batch within the platform.

Back Office Company ACH Configuration

1. Allow Unbalanced ACH Batches: Allow Unbalanced ACH Batches has been added to the ACH Product Feature Configuration.

2. In addition, for each unbalanced ACH company, the Allow Unbalanced ACH Batches feature will display.

Note: Activation of the Allow Unbalanced ACH Batches feature at the ACH Product level will activate for all applicable ACH Companies.

Offset Account on Review Progression

User Action With this enhancement, the offset account entry functionality has been moved to the Review tab for all ACH payment workflows. If the ACH Company is configured to Allow Unbalanced ACH Batches, the offset account configured within SilverLake ACH Company Maintenance will display.

Batches will be transmitted to SilverLake upon final approval in advance of the effective date based on the number of days configured for Days in Advance to send Recurring and Future Dated ACH within Treasury Management Back Office.

Important Information

  • In Back Office, in the ACH Product Feature Configuration for the Financial Institution, if Allow Unbalanced ACH Batches is set to No (regardless of whether this feature is activated for the Treasury Management Company or their ACH companies under the ACH Product), the user will not be able to submit unbalanced batches from Treasury Management to SilverLake. The FI ACH Product Feature Configuration must be set to Yes.
  • Within the Treasury Management Company’s ACH Product, for Allow Unbalanced ACH Batches to be applicable for an ACH company, certain configurations must be present:
    • ACH Company must be configured as either unbalanced: full offset or unbalanced: partial offset.
    • Within the ACH company parameter settings in SilverLake, the offset account/account type must be configured.
      • This offset account will be transmitted to Treasury Management and will display with the ACH company details in Back Office.
      • If Allow Unbalanced ACH Batches is activated:
        • The offset account will then be displayed in a read/informational only format to the user.
        • The user will not have the option to modify.
        • Only the transactions entered by the user will transmit to SilverLake The offset transaction will occur within SilverLake using that offset account/account type configured in the ACH company parameters within SilverLake.
  • This configuration will default to inactive upon implementation. If you would like mass maintenance to be completed to enable the functionality in Treasury Management Back Office for your existing ACH customers with ACH Companies meeting the SilverLake configuration requirements, please place a support case requesting the feature to be activated.
  • For previously scheduled transactions, if Allow Unbalanced ACH Batches is activated, these payments will not be modified. They will submit to SilverLake as they were created – with the offset transaction entry utilizing the offset account the user selected during creation.