5.6 Uncollected Funds Manual Release
The Uncollected Funds Manual Release option allows the user to manually release all the uncollected funds.
Uncollected funds are funds that become available to the customer for withdrawal after a specified time interval.
The availability information is maintained by the bank for every type of transaction and that is represented by a transaction code. At the customer's request, the Bank may release uncollected funds before the value date is reached. This screen provides an overview of all uncollected funds, available dates, and the cumulative amounts held in the customer's account.
This topic contains the following subtopics:
- Uncollected Funds Manual Release
This topic describes the systematic instructions to manually release uncollected funds.
Parent topic: Corporate Account Transactions