Meridian Feature: Online Transfers, Chargebacks, and Service Charges
The Online Transaction system allows you to transfer funds from one DDA account to another, charge items back to a customer, and/or assess a service charge (e.g. research fee, wire transfer fee, etc.) on the screen without the need to generate a paper document to be run through proof.
With the exception of Online Charge Backs, you do not have to make any general ledger entries. The system will produce them for you automatically. The user has the ability to indicate which G/L income accounts to post service fees to at the time they enter the transaction, or in some cases, the general ledger account can be defaulted. At the end of the day, a report is produced detailing all of the Online Transactions entered that day. Each online transaction produces a notice that can be sent to the customer confirming the transaction.
- Elimination of paperwork
- Automatically interfaces with general ledger
- Easy access through the Meridian desktop
- You can control who has access to the online transaction system
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