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How does RDFI file alert help our bank manage its Federal Reserve account balance?

April 26, 2017account balance Alert Bank federal reserve file help manage rdfi

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How does RDFI file alert help our bank manage its Federal Reserve account balance?

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The RDFI File Alert Service allows you, the RDFI, to establish threshold dollar values for incoming FedACH files. FedACH creates files prior to the posting of the settlement to your Federal Reserve account and sends any alert e-mails to your designated e-mail contacts at the time of file distribution. If you receive a file exceeding your thresholds, the service alerts you to the condition, making you aware of potential significant value impact to your Federal Reserve account.