Skip to main content

​
Overview

Balances and Transactions files provide updates on Lead-owned balances and related transactions. Balance types:
  • Credit balances: term loans or lines of credit
  • **Deposit balances: **debit cards, deposit accounts, FBO accounts
You are responsible for providing end-of-day balances and the corresponding transactions that impact these balances. This information is used for reconciliation, accounting entries, and program oversight.Expectationbalance on T equals balance on T-1 plus transactions affecting the balance from T.

​
Reconciliation Details

Balances represent underlying customers’ ledger and Transactions represent transactions affecting the balance.
  • For deposit programs, reconciliation may include rewards_amount, dispute_balance, charge_off_balance and interest_accrued_balance in addition to balance.
  • For credit programs, reconciliation may include rewards_amount, dispute_balance, charge_off_balance, and past_due_balance, in addition to balance and its components (principal, fees, and interest).

​
Transactions Updates and Non-Posted Transactions

​
Relevant for Balance Type = Deposit Only

  • Non Posted Transactions= This file lists transactions where funds have been posted to the Customer FBO account but not yet to customer accounts. In this case, balances will not have been affected. Lead will do FBO account reconciliation based on the following:
    • FBO account balance = sum of amount from Non Posted Transactions+ sum of balance from Balances
  • Transactions Updates = This file captures transactions where the actual settlement date differs from the one in Transactions file. Example may be where a transaction was expected to be posted on January 1st, 2025 per Transactions and ended up posting on January 2nd, 2025. In this case, clients will use Transactions Updates to update settlement_date for the transaction_id.

​
Implementation

During implementation, Lead will collaborate with you to determine whether your program includes any of the following features, which will be captured through data files.
  • Interest (deposit products only)
  • Overdraft features (deposit products only)
  • Withholdings (deposit products only)
  • Rewards
  • Non-USD balances
  • Customer balances held across multiple bank accounts