Determining the Available Balance
What should I do if I want to determine the available balance within my HSBC daily ACH settlement limit to avoid initiating payments that would exceed my daily limit?
The following fields have been added for Making Money Transfers, Paying a Single Vendor and Processing Bulk Payments:
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Daily Transaction Limit: It is the maximum limit for processing ACH and checks payments on any given day, set by HSBC Bank
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Daily Transaction Limit Available: It is the available limit after processing payments of the present day and the payments initiated post cutoff of the previous day.
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Payments Pending Approval: This is the total amount of payments submitted and pending approval.
You can only process payments that are within the daily transaction limit. The SuiteApp will give an alert while processing the payments that exceed the daily transaction limit.
You can better plan and prioritize the payments to be processed for any day based on the remaining daily limit available.
For more information, see Daily Transaction ACH Limit.
Where to see the remaining daily limit of the day?
You can refer to the Remaining Daily Transaction Limit field on the HSBC Bank Account portlet under the overview page of SuiteBanking Dashboard. Alternatively, the Pay Single Vendor and Bulk Bills pages will display the limit values, which are visible when HSBC Bank GL is selected.