The report lists all return/forward items received and accepted by the Federal Reserve Banks for the BOFD/Payor Bank up to that point on a given processing date, with an amount equal to or greater than the dollar value threshold set by the DFI for the report. The report may include items that have not yet been presented. If no items are available at the report generation time, the report will still be generated indicating that no items were available.
There are two report formats available. Both reports contain the same information about the return/ forward items, but one option includes the check images.
The Excel non-image report will list up to 20,000 items, and the PDF image report will include up to 100 items.
The reports contain the following data:
Sample reports are available here.
The DFI Level Check Advanced Notice Return and DFI Level Check Advanced Notice Payor Reports can be scheduled at 4:30 p.m. ET, 5:30 p.m. ET, and on the hour between 4 p.m. – 2 p.m. ET Monday through Friday, excluding bank holidays. They are also available at 6 a.m. ET on Saturday.
The Corporate Level Check Advanced Notice Payor Report can be scheduled for 10 a.m. ET and/or 12 p.m. ET each weekday, excluding bank holidays.
Reports can be scheduled for creation and delivery at the beginning of each hour (unless indicated otherwise below) during the following periods (Eastern Time):
|Day 0 and Time||Day 1 and Time|
|Report Name||4 p.m.||4:30 p.m.||5 p.m.||5:30 p.m.||6 p.m. - 12 a.m.||12 a.m. - 2 p.m.|
|DFI - Advanced Notice Return Report|
|DFI - Advanced Notice Payor Report|
|Corporate - Payor Report||10 a.m. and 12 p.m.|
DFI - Advanced Notice Return Report and DFI - Advanced Notice Payor Report at 6 a.m.
The reports will be delivered as encrypted emails and will leverage the same ZixCorp site as FedPayments® Reporter Service for FedACH® Services. Customers with ZixCorp will receive the emails directly in their inbox. Non-ZixCorp customers will receive the emails into the same Internet portal as FedPayments® Reporter Service for FedACH® Services.
Corporate Check reporting is self-administered through the FedPayments® Reporter Service for FedACH® Services. The FedPayments Reporter Service for FedACH Services also includes scheduling for check corporate reporting and you can use the same company account number configurations already defined or set up new company configurations if the corporate account numbers are different for check versus ACH.
The service matches the account numbers configured for the corporate in the FedPayments® Reporter Service to the account numbers on the forward checks in order to create the reports. Banks that use the electronic check repair service should expect to receive more complete corporate check reports than those that currently do not use the electronic repair service. However, it is not a prerequisite that the electronic repair service is used by the bank in order to receive corporate check reports.