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Share Transfers 

Instructions on how to set up Overdraft Transfers, Scheduled Disbursements, Loan Transfers and Dividend Transfers 

 Share Transfers

Keystone processes transactions in order they appear in the relationship tree Never delete transfers always EXPIRE.

Overdraft: Begin with checking account

  • Open the Relationship Tree
    • Right-click the share receiving overdraft protection
    • Select Insert > Insert Share Transfer > Insert First or Last.
    • Category - overdraft
    • Method – share transfer
    • Share – hit down arrow and select share sending funds to checking
    • Enter effective date the transfer should begin, if not immediately
    • If requested to be a temporary transfer, enter expiration date
    • Click Insert

Scheduled Disbursement: Share to Share: Begin with share sending funds

  • Open the Relationship Tree
    • Right-click the Share sending funds
    • Select Insert > Insert Share Transfer > Insert First or Last.
    • Category – Scheduled disbursement
    • Method – Share transfer
    • Share – Select share
    • Enter amount to be transferred
    • Frequency – refer to ORG to know required fields
      • Depending on what frequency selected, enter the dates the transfer should occur in Frequency Day 1 and/or Frequency Day 2
    • Next posting date - enter date of the first transfer
    • Leave effective date empty. Enter expiration date if desired
    • Click Insert

Scheduled Disbursement: Share to Loan – Begin with Share

Note: Driven by amount and date selected in transfer setup. Will not send partial payments.

  • Open the Relationship Tree
    • Right-click the share sending funds
    • Select Insert > Insert Share Transfer > Insert First or Last.
    • Category – Scheduled disbursement
    • Method – Loan Transfer
    • Loan – Select Loan
    • Enter amount to be transferred
    • Frequency field – refer to frequency ORG to determine required fields
      • Depending on what frequency selected, enter the dates the transfer should occur in Frequency Day 1 and/or Frequency Day 2
    • Next posting date – enter date of first transfer
    • Leave effective date empty. Enter expiration date if desired
    • Click Insert 

 Auto Loan Payment: Begin with loan – Loan pulls funds

Note: Driven by loan due date and total amount due. Will pull partial payments.

  • Update payment option field
    • Open Relationship tree
    • Left click on loan and update payment option to automatic transfer
  • Create auto loan transfer record
    • Open the Relationship Tree,
    • Right-click the loan pulling payment
    • Select Insert > Insert Loan Transfer > Insert First or Last.
    • Category – Automatic loan payment
    • Method – Share transfer
    • Share – select share to pull funds from
    • Enter effective date
    • Click Insert

Dividends: How a CD receives dividends

Note: Two step process. First, update dividend posting to transfer. Secondly, Create dividend share transfer record.

  • Change dividend posting to transfer
    • Open relationship tree
    • Left click on certificate
    • Change dividend posting to transfer
    • Click update
  • Create dividend share transfer record
    • Open relationship tree
    • Right click on certificate
    • Insert > Insert Share Transfer > Insert First
    • Category – dividends
    • Method – share transfer
    • DO NOT ENTER AMOUNT OR PERCENTAGE
    • Enter effective date
    • Click insert

CD Maturity

  • Open relationship tree
  • Left click on certificate
  • Update maturity posting to ‘Transfer then close’ or ‘Transfers then renew’
  • Click update
  • Confirmation window will pop up
    • Click yes to insert a new Share Transfer record
      • Category – defaults to maturity
      • Method – share transfer
      • Share – select share to send funds
      • DO NOT ENTER AMOUNT OR PERCENTAGE
        • Enter effective date the transfer should begin, if not immediately
        • Click Insert 

    Share Transfer Frequency Guide 

    Important! For a transfer to occur on the day of the month (ex. Feb 28, April 30) enter 31 in the Frequency Day 1 Field 

    Frequency

    Explanation

    Required Fields

    Single

    Occurs one time.
    • Next Posting Date

    Annually

    Recurs once a year.
    • Next Posting Date

    Semiannually

    Recurs every 6 months, resulting in twice a year.
    • Next Posting Date
    • Frequency Day 1

    Quarterly

    Recurs every 3 months, resulting in 4 times a year.
    • Next Posting Date
    • Frequency Day 1

    Bimonthly

    Recurs every 2 months.
    • Next Posting Date
    • Frequency Day 1

    Monthly

    Recurs once a month.
    • Next Posting Date
    • Frequency Day 1

     

    Semimonthly

     

    Recurs twice a month.
    • Frequency Day 1
    • Frequency Day 2
    • Next Posting Date

     

    Biweekly skip first

    Recurs every 2 weeks. For months with 5 weeks, the first week of the month is skipped to ensure twice a month.

     

    • Next Posting Date

     

    Biweekly skip last

    Recurs every 2 weeks. For months with 5 weeks, the last week of the month is skipped to ensure twice a month.

     

    • Next Posting Date

    Biweekly

    Recurs every 2 weeks.
    • Next Posting Date

     

    Weekly skip first

    Recurs every week. For months with 5 weeks, the first week of the month is skipped to ensure 4 times a month.

     

    • Next Posting Date

     

    Weekly skip last

    Occurs once a week. For months with 5 weeks, the last week of the month is skipped to ensure 4 times a month.

     

    • Next Posting Date

    Weekly

    Occurs once a week.
    • Next Posting Date

    Daily

    Occurs once a day.
    • Next Posting Date