The Balance Alerts function is used to specify alert conditions by defining unique criteria for individual accounts. These criteria each take the form of a dollar value and an "above" or "below" condition. An account may be assigned both an above and a below threshold, effectively bracketing the acceptable range between floor and ceiling values. The system sends an email message when an account reaches the specified monetary level.

The Balance Alerts function operates by running an automated program twice a day, once at 4:00am and again at noon (Pacific Time). The program checks all account balances against the Balance Alerts definitions and the Business Banking system then sends e-mail messages as needed. (The balance-checking program is the same one used for Sweeps.)

To display the Balance Alerts screen:

·         Click the Balance Alerts option on the Administration menu. The Balance Alerts screen appears.

The Current Alert(s) section shows all alerts currently in effect. You can add new alert definitions, update the existing definitions or delete definitions.