Purchasing a Traveler's Check or Money Order
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Complete the following fields in the Transaction Area grid on the Transaction tab to purchase a traveler's check or money order for a guest member.
| Column Heading | Description |
|---|---|
| From Product |
The source of the funds (checks received, cash received, share withdrawal, share draft withdrawal, etc.). |
| From Amount |
The amount of the deposit, withdrawal, payment, loan advance, or transfer. |
| From Functions |
For checks received, the check hold type and check hold days appears. For a share withdrawal, the share type will appear. For a loan advance, the loan note number will appear |
| CR/CL... |
Depending on the From Product selected, the ... button can change to CR, CL, or GL. If you selected cash, the Cash Received dialog box will pop up automatically when the cursor is in the From Amount column. You can also access the Cash Received dialog box by clicking the CR button in the transaction area grid. You can activate the Cash Received dialog box on the User Profile – Popups tab. If you selected check, the Check Log dialog box will pop up automatically when the cursor is in the From Amount column. You can also access the Check Log dialog box by clicking the CL button in the transaction area grid. You can activate the Check Log dialog box on the User Profile – Popups tab. The Check Endorsement tab will automatically print an endorsement on checks presented for deposit by a guest member. The check can be endorsed at the time of the transaction or later; however, you must manually insert the checks in the printer. The Check Endorsement field in the Service Center Options section on the Credit Union Profile - Self Service tab must specify I or Q. Select the Send MICR check box to click the ... button on the CR Checks Received row and open the SSC Check Information dialog box. The SSC Check Information dialog box lets you record MICR information on checks received. If the guest member is withdrawing funds from a share draft account for check cashing purposes, select the Check Cashing W/D check box in the Options group box and enter the check number in the Chk Nbr field. If the guest member presents a check from their own participating issuer credit union account, select the Member’s Own Acct check box in the Options group box. |
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To Product |
The product the funds are going to (cash disbursed, credit union check, cashiers check, share deposit, share draft deposit, loan payment, etc.). Portico identifies cash and check amounts separately on the Shared Service Center Settled Activity Report 924. You can use the 924 Report to identify large cash transactions and determine if a Currency Transaction Report (CTR) is required. Select the TQ Traveler's Check Purchase product or the MO Money Order Purchase product. |
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To Amount |
The amount of the money order or traveler's check. Length: 10 numeric. |
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To Functions |
To assess a fee for the traveler's checks or money order, type Y in the Function column. Click the ... button to open the Transaction Fee dialog box. Adjust the From Information as needed to cover the fees. |
Click Submit on the Transaction tab to display the Traveler's Checks dialog box or Money Order dialog box.
To verify a member using the Documents Presented as ID dialog box, click the Documents Presented as ID icon on the Transactions tab.
Click the Traveler's Check Type down arrow and select the type of traveler's check.
For a money order, enter the amount of the money order in the Money Order Amount field (Length: 8 numeric including decimal).
In the Serial Number field, enter the serial number of the traveler's check or money order (Length: 14 numeric). Then click the right arrow to add the traveler's check or money order to the list box.
Repeat these steps to enter additional traveler's checks or money orders. You can enter a maximum of 6 unique types of traveler's checks with a total of 24 different books on one transaction. You can enter a maximum of 15 money orders on one transaction.
Select the Override check box to override the serial number variance and accept the specified serial number. For Forms Management users only.
The Transaction Area grid display the transaction details for the traveler's checks or money orders.
The total amount of the From and To Side product codes appear below the Transaction Area grid.
Click Submit to complete the transaction.
Shared Service Center Settled Activity Report 924 - Money orders and travelers checks will appear on the 924 Report with a QUAL of SPC.