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Select a Payment Spread Method
Use the Select Payment Spread Method page in the Enter New Arrangements window to indicate how to spread the payments across linked accounts. If you don't want to spread the payments, you can create a separate payment arrangement for each linked account. If the account is not linked to other accounts, the Select Payment Spread Method page is not available.
To select a payment spread method
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If the Select Payment Spread Method page isn't open, in the Tasks list, click Select Payment Spread. The Select Payment Spread Method page appears.
Spread payments over each account in the order selected above: The system applies payments starting with the first account in the list and continuing on through the list in the order specified.
Tip: To change the order of accounts, click the account to move, and then click the up or down arrows next to the account list.
Spread payments evenly over each account: The system divides payments and applies an equal amount to each account.
Spread payments over each account proportional to the current balance: The system applies payments to each account based on the amount owed in relation to the total balance of all the accounts listed. The system divides the amount owed for an account by the total balance for the combined accounts to get a percent. The system multiplies the payment by that percent and applies the result to that account.
For example, the total balance for the three accounts shown in the example is 3,217.47. Divide 250 (the balance for the first account) by 3,217.47 to get .08. If the payment amount is $200, multiply 0.08 by 200 to get 16. The system applies $16 of the $200 payment to the first account. Divide 967.47 (the balance for the second account) by 3,217.47 to get 0.30. Multiply 0.30 by 200 to get 60. The system applies $60 of the $200 payment to the second account. Divide 2,000 (the balance for the third account) by 3,217.47 to get 0.62. Multiply 0.62 by 200 to get 124. The system applies $124 of the $200 payment to the third account. 16 + 60 + 124 = 200.
Spread payments over each account by priority of customer: The system applies payments to accounts based on how you prioritized them for the customer, starting with the highest priority. If a customer's accounts have the same priority, the system applies the payments proportionally.
Spread payments over each account by highest projected fee: The system applies payments to the highest yielding account first, based on the balance and fee schedule.
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Click the payment spread method and then click Next.