Create PPD (Prearranged Payment and Deposit) Payment
The Create PPD Payment page lets you create a Prearranged Payment and Deposit payment.
Batch Information
The details in the Batch Information section apply to the entire ACH payment.
Detail | Description |
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Transaction Name | The name for the transaction |
Account | The account from which the payment originates
If the account is configured for balanced files, a field entitled Settlement Options displays underneath. Two radio buttons enable you to choose whether to debit the account once for the entire payment, or debit the account once for each credit transaction. |
Effective Date | The date on which you want the payment settled for all recipients in the batch
The standard effective date is supplied, but the date may be changed by typing it or selecting it from the calendar. Be sure to allow enough time for processing. The system checks the following conditions to determine whether an entered date should be allowed:
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Frequency | How often the payment should be made
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Workflow | Options for the final steps in the workflow
The options are as follows:
Note: This option appears only when your company is configured for balanced ACH files.
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Recipients
You can create new recipients by selecting them from a list, creating a new record, or by importing the information from a file. The Recipients table is displayed when you choose to add the new recipient, rather than when you access the Create Direct Deposit page. After adding one or more recipients to the payment, the following details and options are displayed for each recipient.
Column | Description |
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Recipient Name | The name of the payment recipient
A flag entitled Prenote Expire On displays in the header |
Recipient ID | An identifier for the recipient |
Bank ID | The bank routing number of the account |
Account Number | The number of the recipient's account |
Account Type | The account type from the list, for example Checking, Savings, or Loan. |
Amount | The amount to be credited to or debited from the account
Click the Zero All button to quickly change all amounts to zero. Note: PPD recipients can be defined with a secondary account so that a portion of every payment amount is allocated to that account with the rest going to the primary account. The allocation amount can be defined as either a set dollar amount or as a percentage of the recipient payment amount. If there is a secondary account, the allocation will be shown when previewing the payment.
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Bank Name | The name of the recipient's bank |
Secondary Account Number | The number of the second account that is to receive part of the payment |
Secondary Allocation | The set amount or percentage of the payment that is to go to the second account |
Status | Indicates the status as one of the following:
Click the Set All button to quickly change all the recipient transactions to the same status. |
Addenda | An additional item of payment information, specific to a recipient
An addendum is optional for this payment type. |
Remove | To remove the recipient, click (the Delete Icon). |