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marcfeldman
AcctInqRs.AcctRec.AcctInfo.AcctTrnLimit.AcctTrnUse
Hi, Is it possible there is an error in the schema? Specifically, I am referring to AcctInqRs.AcctRec.AcctInfo.AcctTrnLimit.AcctTrnUse The first 3 aggregates refer to accounts, while the last 2 appear to refer to transactions. Is it possible that AcctTrnLimit should not be a member of AcctInfo? Thx, M.

RickDuVall
Response to Your Question

Account Transaction Limit (AcctTrnLimit) is a repeating structure within Account Information (AcctInfo) that is used to convey defined transaction limits that apply to the Account overall.  So it is correct that AcctTrnLimit is a member of AcctInfo.  Each instance of the AcctTrnLimit structure specifies a set of attributes of the transaction which defines its ‘transaction type’, and then within that, if the limit is for an amount or a  number of occurrences.  A given Account could have multiple transaction types with defined Limits, which is why AcctTrnLimit a repeating structure within the AcctInfo aggregate.  And a given transaction type could also have multiple defined Limits, which is why LimitType is a repeating structure within AcctTrnLimit.

 

For example, there could be limits defined on a given Account that control ACH withdrawals and for Checks Written (two different transaction types).  ACH Withdrawals could have a Limit Type of ‘DailyMax’ with a Limit Amount, which means the sum of amounts of the given transaction type for a single day cannot exceed the Limit Amount (a monetary value), and/or it could also have a Limit Count (an integer value), which means the number of transactions of the given transaction type for a single day cannot exceed the Limit Count.  And because a given transaction type could also have multiple defined Limit Types, ACH Withdrawals could also have a ‘ WeeklyMax’ with its Limit Amount and/or Limit Count.  And Checks Written would have its own Limit Type(s) and within each, a Limit Amount and/or Limit Count.


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