Overdrawn account
Overdrawn account report
The Overdrawn Account Report is an .xlsx file generated daily by the Cross River Operating System (COS) and sent via SFTP. It contains a list of the your customer's accounts that are overdrawn.
You can use this report to reconcile between what you requested from the Cross River Operating System (COS) and what COS actually processed.
Only accounts that meet certain criteria appear in this report:
- Only accounts with Overdraft Funding Enabled and a configured Overdraft Funding Account Number appear
- Overdraft is determined by the configured overdraft funding threshold, and not just by a negative account balance
- No subaccounts appear, only master accounts
Report in detail
Column | Description |
|---|---|
Partner | Partner name |
Master Account Number | Your customer’s master account number |
Account Title | The name on the account |
Date Account Opened | The date the account was originally opened in COS |
Master Current Balance | Current balance on the account. This balance is compared against the overdraft funding threshold. |
Master Available Balance | Available balance on the account |
Date Overdrawn | Day the account first became overdrawn |
Fed Days in Overdraft | The number of days the account has been overdrawn |
Understand current and available balance
The report includes two different balance values for each account. They are slightly different.
Current balance
The current balance (also called ledger balance) represents the actual settled balance of the account after all posted transactions. This is the authoritative balance that includes all hard posted transactions that have completed the settlement process.
Available balance
The available balance represents funds that are immediately accessible for transactions. It is calculated as:
Current Balance - Holds - Pending Authorizations +/- Memo Posts
The difference between current balance and available balance represents:
- Funds on hold (reducing available balance)
- Temporary memo post adjustments
- Pending transactions not yet settled
Sample report
Overdraft notice
On the 1st and 7th days of a customer’s account being overdrawn, COS sends the following form notice to the customer in PDF format, with the fields in the letter populated from the Overdrawn Account Report and additional data fields.
