"What's Changing" Summary

What’s changing? | ACH

Mapped Templates Current State —ACH Import Mapped templates are available for clients who are importing a Non-Nacha file (text comma or tab delimited file). In ANB Go Business —Clients will need to rebuild their ACH Mapped Import template in ANB Go Business for all future imports. ACH Alerts Current State —ACH alerts are currently set up by the bank. In ANB Go Business —Clients will set up their own ACH alerts in ANB Go Business. Any existing alerts will need to be reestablished in ANB Go Business. Detailed Statement Current State —ACH Detailed Statement (EDI) is currently available in iBank. In ANB Go Business —Additional ACH detail (ACH Remittance Detail), can be obtained by running a report in the “Reporting” menu of ANB Go Business. Schedule C Current State —Clients send Schedule C (ACH Transmittal Register) for each ACH file they submit. In ANB Go Business —When ANB Go Business is in place, Schedule C will no longer be required for ACH processing. Hold ACH Transactions Current State —In order to currently hold ACH transactions within your file, you can select the hold box next to the recipient or use the “Select All” box to hold all. In ANB Go Business —Clients will utilize the “Zero All Amounts” function of ANB Go Business in the Payment Center.

Cutoff Times Current State —Current ACH Cutoff Times: 10 a.m. CST 12:30 p.m. CST 4 p.m. CST

In ANB Go Business —This will be changing in ANB Go Business. ACH transactions are calculated against limits based on Effective Date, not Creation Date.

Same Day Cutoff Time: 2:30 p.m. CST Next Day Cutoff Time: 6:30 p.m. CST

ACH Transactions Current State —ACH transactions are calculated against daily limits based on create date. In ANB Go Business —This will remain the same in ANB Go Business. ACH transactions are calculated against daily limits based on effective date. Monthly Limits Current State —ANB currently enforces an ACH per item limit and monthly limits. In ANB Go Business —With ANB Go Business, ANB will only enforce per effective date limits. ACH Limits Current State —Users can currently be granted the following limits: 1. M aximum Amount: Per Transaction, Per Day, Per Month 2. Maximum Count: Per Day In ANB Go Business —With ANB Go Business, users can be granted the following ACH limits: Editing ACH Templates Current State —The current system does not have dual control on editing ACH templates. In ANB Go Business —With ANB Go Business, if a customer has dual control required for ACH initiation, dual control will be required for editing ACH templates. ACH exemption does not apply to template approval. 1. Initiation per ACH Company ID 2. Approval per ACH Company ID

ANB GO BUSINESS— SELECT 9

Made with FlippingBook flipbook maker