Laserfiche WebLink
J.P. Morgan recommends implementing auto - acknowledgements for receipts of <br />the transmission. If the City fails to receive an acknowledgement within 15 <br />minutes of the transmission, you should contact the bank's Transmission <br />Services Group for status and next steps. If the transmission fails, we will work <br />with you to have the ACH or wire released in a timely manner, making sure <br />adjustments will not need to be made to the account. <br />The City should contact their assigned CSP, Marilyn Hardney, if they are unable <br />to transmit data to the bank. She may be able to provide the City a solution on a <br />case by case basis. You may also contact the ACH Transmission Services Group <br />by phone at (813) 432-3800. <br />C. What are your transmission deadlines for Direct Deposit ACH files? <br />When (Day and time) does the Bank need the file from the City, and <br />when specifically are funds debited from the City's Account? <br />ISame -day settlement will occur if both the debit and credit accounts are held at J.P. Morgan. <br />Next -day settlement will occur when an Involved account is not held at J.P. Morgan. <br />ACH PPOs must be received two business days in advance. <br />2 If later deadlines are required, this should be discussed with your relationship team. <br />d. Do you require or recommend pre - notifications for every transaction <br />prior to actual transfer? How are returned pre - notifications handled? <br />Although it is not required by NACHA, J.P. Morgan recommends pre - <br />notifications if the City has the time to respond to corrections or returns <br />generated by a notification of change and correct the information prior to <br />the first payment. <br />While J.P. Morgan recommends pre -notes at least three banking days <br />prior to live - dollar origination, the bank can accommodate most timing <br />scenarios. <br />e. When are direct deposited payroll funds available in an employee's <br />account? <br />For ACH credits, the City will receive availability (memo post) for ACH <br />collections upon opening of the business day on the settlement date. A <br />hard post of the funds will occur at the end of the business day. <br />Page 71 <br />55E -166 <br />J P Morgan <br />