Codes and Strings
This code shows cross-reference between two shares.
X
This specfile is used to make changes to a member's account
Account Revision
BSA stand for this.
Bank Secrecy Act
With this account type, the primary account holder is the owner
When a check is Stale dated it means this.
It is dated more than 6 months prior.
This code is used when making a loan payment.
LP
This specfile is used to locate who did a particular transaction
Who
When a member is structuring, you must complete this form.
SAR (Suspicious Activity Report).
This business account type is typically built with the owner's SSN or EIN
Sole Proprietorship, DBA, LLC
When an Advia check is brought in for cashing, it is also known as this.
OnUs check
This string of codes is used when a member is making their credit card payment from one of their shares.
LP x SW SC
This specfile is commonly used to send proof of income to be considered for programs such as subsidized housing
Verification of Deposit
This term is used to describe when a member's money is seized due to a court order to satisfy debt
Garnishment
This account ownership structure occurs when someone is assigned as a representative for someone deemed by the Social Security Administration to be unable to manage their own payments
Representative Payee
Currency is considered this when it is less than 51% identifiable as U.S. currency.
Mutilated
When a member wants to pull funds from a line of credit to their checking account, this is the string of codes you would use
LA X SD
Create/Revise Mailing Name
What is the most common scam tactic?
Email with instruction
With this account type, a person is assigned to act on behalf of the account owner. They are attached to the individual member and not the ownership status. Expires upon death of the account owner.
Power of Attorney
When you are handling a cash box, vault money, or a debit card machine, you must use this
Dual Control
This is the string of codes you would use when John requests to withdrawal $95 from his joint checking account, and deposit it into his individual account. He also requests that a comment be made on the withdrawal indicating that “$95 for dentist”.
SW X SD Y SC
What is an example of an appropriate reason to refund fees using the Fee Manager specfile?
Fraud on a member's account
A credit union error
Member error (review member relationship)
When a member is structuring, they are doing this.
Attempting to evade the CTR requirement.
These individuals are added and removed by business owners, and have the ability to transact on business accounts
Authorized Signers
On a check, this denotes the financial institution where the funds will be drawn from
Routing Number