Screen ID:
Screen Title:
Panel Number:
UMBRACCT-03
New Account Creation
2417
Screen ID: Screen Title: Panel Number:
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UMBRACCT-03 New Account Creation 2417 |
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This screen appears after selecting a regular checking, IRA checking, or HSA checking account product on the New Account Creation screen.
This screen allows you to open a checking account. Special features are available to allow you to proceed directly to setting up joint owners and/or beneficiaries, configuring overdraft protection accounts, and even printing starter checks, after the checking account is opened. (See below for more information on these optional flags.) There will be a slight variation in the fields to be completed depending on whether you are opening a regular checking or an HSA checking account.
Use F21-Procedures to see a list of credit union-defined policies and procedures pertaining to opening this account.
Use F18-Work Checklist to move to work the checklist for this dividend application. This will allow you to “check off” items on the checklist when opening the account. This checklist can be used by your Member Service team to ensure each member receives the same level of service. (If this is your base (000) account, this checklist is also used as the membership checklist for the Open/Closed Dashboard.) SEE ALSO: Creating Checklists for information on configuring this list.
When done, use F5-Create to open the account. Your Employee ID will automatically be recorded in the account record as the MSR who opened the account.
This screen allows you to select a member’s Opt In/Opt Out Reg E selection (at the bottom of the screen with two checkboxes). These checkboxes allow for a selection at the membership level. Exceptions at the sub account level are allowed only if the member selects to Opt In at the membership level. (The member can then select to opt out at the sub account level on the Opt In/Opt Out Maintenance Screen.) SEE ALSO: For an overview of the Reg E Opt In/Opt Out features in CU*BASE, refer to the booklet Managing Your Opt In/Opt Out Reg E Offering. (NOTE: A PDF version of this booklet will open.)
Want to effective date this
account and select an open date prior to the current day? If
you have missed opening an account on a Friday, for example, on Monday
you can change the Open Date to match the date the member actually intended
for the account to be opened on the system. Use F23-Unlock
Fields or click the 
button on the
screen next to the open date field and the Open Date field will become
an input-capable field, allowing you to enter the correct date. (We have
even added a 90 day reasonability check to ensure you don’ t type
in the wrong year!)’ The Open Date is the only field that is
changed. The last maintenance date will remain the current date. The members
statement will include a zero dollar transaction that the account was
opened on the current date for the selected date (and thus the last trans
date in MEMBER1 will also be the current date).
Field Name |
Description |
New account # |
The base account number, along with the suffix assigned to this account. |
New account type |
The account type, selected on the previous screen. |
Date opened |
The current date. |
Share draft check digit |
(Appears when creating share draft/checking accounts only.) A check digit is used in the MICR line on printed checks for account number verification during check printing and check processing. · IMPORTANT: Programming must be done in CU*BASE to ensure that the check digit shown here uses the same formula as dictated by your check printing vendor. In addition, you must contact a CU*BASE representative if any changes are anticipated that would affect the calculation used by the CU*BASE check digit calculator. |
Dividend pay code |
If allowed by the configuration for this dividend application, this option lets the member choose where dividends for this account will be paid. Choose one of the following: 0 Transfer - Dividends will be paid directly into the base share (000) account. 1 Addback - Dividends will be added back to this account. 2 Check - Dividends will be paid to the member by check. (These checks are printed using the Print Auto/Mail Checks feature on menu MNPRTC.)\ · If this option is selected, click the Specify Dividend Checks Pay To/Address button (or use F22) to specify the Pay To and address information used for these dividend checks. 4 Transfer to G/L – The selected percentage of dividends will be paid to a selected G/L. All dividends that are not paid to the G/L will stay in the member’s account. · Once this option is selected, two additional fields will be revealed for entry of the G/L and as well as the percentage of the dividend that should be transferred. · See also: Dividend Donations: Setting up a Plan for Your Members(NOTE: A PDF version of this booklet will open.) |
If 0, transfer to account |
If the Dividend Pay Code for this account is set to 0 (Transfer), enter the account base and suffix where dividends should be deposited when paid on this account. |
Negative balance limit |
This field is used by the Automated Non-Returns system when posting electronic items (checks, ACH, EasyPay, etc.) to a negative balance for a fee. If this member is eligible for a limit now, enter it here. Otherwise leave the field blank. SEE ALSO: Automated Non-Returns |
Lock this limit so it will not be changed by automated scoring |
This field allows you to lock the Negative Balance Limit for this account so that it will not be changed by the monthly automated “scoring” routines. This might be used if you want to permanently set the limit to $0.00 so that this member is never eligible for negative balance processing. |
HSA Type |
Choose the appropriate HSA Type (Single or Family). |
Annual Deposit Limit |
Enter the annual deposit limit based on this particular member's situation. The default limits come from the settings on the Set HSA Annual Deposit Limits screen. |
Activate debit card round up |
Used with Debit Card Round Up feature. Refer to Debit Card Round Up manual. (NOTE: A PDF version of this booklet will open.) |
Round up debit card to the nearest |
Used with Debit Card Round Up feature. Refer to Debit Card Round Up manual. (NOTE: A PDF version of this booklet will open.) |
Post an end of business day transfer to the following account |
Used with Debit Card Round Up feature. Refer to Debit Card Round Up manual. (NOTE: A PDF version of this booklet will open.) |
Joint Owner/ Beneficiary |
Check this flag to proceed to the Joint Owner/Beneficiary setup screen, to add joint owners and/or beneficiary (POD) names to this account. (This screen will appear after F5-Create is used to open the account.) |
Print starter checks |
Check this flag to proceed to the Print Member Starter/Replacement Checks screen and print starter checks for this new account. (This screen will appear after F5-Create is used to open the account.) · This flag will be checked automatically if starter checks have been configured by your credit union. (Starter checks are configured using the Member Starter/Rep Chks Config command on menu MNCNFA.) |
Order checks |
If your credit union uses an online check ordering interface (such as to Harland Clarke), check this to proceed to that check ordering system after opening the account. |
Opt in/out checkboxes |
These checkboxes allow you to record a member’s selection for your Opt In/Opt Out Reg E offering. Read more about these checkboxes at the top of this topic. (Selections cannot be made if Reg E is turned off for the credit union.) · NOTE: If these checkboxes are absent, it may be due to the fact that the membership designation of this membership is exempt from Reg E functionality. SEE ALSO: Membership Designation Configuration.
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Link to ID: http://www.cuanswers.com/doc/gold/gold.htm#2417g.htm
