Adding a New Return Item

Select the Draft ID down arrow and select the share type or loan account incoming drafts should post against.

You can enter a draft ID that is not listed in the Draft ID dropdown list in the Unlisted Draft ID field (Length: 17 numeric).

In the Draft Amount field, enter the amount of the returned draft (Length: 11 numeric).

Enter the serial number of the draft in the Draft Serial Number field (Length: 6 numeric / Keyword: SN).

Select if the item was previously returned.

Select the Process Date down arrow to select the date the item processor processed the draft from the pop-up calendar or enter the date in MM/DD/YYYY format. The date cannot be greater than four days in the past.

Select the Return Date down arrow to select the date the draft was returned to the item processor from the pop-up calendar or enter the date in MM/DD/YYYY format. The date cannot be greater than four days in the past.

Select the Return Code down arrow to select the reason you are returning the draft (). The return code descriptions may be customized by your credit union using the Draft Return Exception Codes – List window. The valid return codes are:

Blank - Do not return the draft, assess a fee, or produce a notice.
08 - Uncollected funds
11 - Insufficient funds. The item processor will not resend the draft.
12 - Restraining order
13 - Garnished account
27 - Fraudulent Funds
35 - Forged Signature
51 - Insufficient funds
54 - Stop pay
55 - No account at credit union
56 - Closed account
58 - Referred to maker (not valid for Travelers)
59 - Request one photocopy (Chase and California Travelers)
60 - Advance notice stop pay (California Travelers)

Keyword: RC

The item processor code that identifies the draft transaction. Trace numbers will print on the member's statements, except when the Print Draft Trace field on the 390 Report Rules is N.

Length: 17 numeric

Keyword: TN

Indicates if the check is a substitute item. A substitute check is a paper reproduction of the original check. To meet legal requirements it must:

1. Contain an image of the front and back of the original check
2. Bear a legend that states, "This is a legal copy of your check. You can use it the same way you would use the original check."
3. Display a MICR line containing all the information appearing on the MICR line of the original check
4. Conform in paper stock, dimension, and otherwise, with generally applicable industry standards for substitute checks
5. Be suitable for automated processing in the same manner as the original check

The valid values are:

1. Blank - Original draft. System default.
2. 2 - Qualified return of the original draft
3. 4 - IRD draft
4. 5 - Qualified return of an IRD draft

Keyword: IR

Select the Bank ID down arrow to select the credit union's identification number (ID) assigned by the draft processor (Keyword: BN). This number is MICR coded on all drafts. The default is specified in the Bank CUID field in the Share Draft section on the Credit Union Profile - Shares tab.

The route and transit number of the share draft processor. The default is the route and transit number specified in the Processor R/T field on the Credit Union Profile - Shares tab. The Route/Transit field is matched to the suspense GL account defined in the Share Draft section on the Credit Union Profile - Shares tab to ensure the draft item is placed under the correct suspense GL on the Share Draft Exception Items window.

Length: 9 numeric

Keyword: RT

Indicate if the system should charge a fee based on the fee type and amount specified in the Share Draft and ACH Exception Fees section on the Credit Union Profile - Shares tab. A valid return/non return code must appear in the Return Code field on the Exception Items window.

• Select the Yes option to charge a fee for this item.
• Select the No option to waive the fee for this item.
• Select the Use Default option to process the item according to the default values specified on the 450 Report Rules and Credit Union Profile - Shares tab.