Balance Reporting Types

Banks share several types two main types of files with us:

  • Prior-day files, which are sent daily and reflect a snapshot of a bank accounts status, including transactions pending and posted to the account as well the balance when the file is sent. 
  • Intraday files, which are sent regularly throughout the day.

 

Dependent on the configuration of your account with your bank and your setup with Modern Treasury, you can receive one or both of these types of reporting. Different banks offer BAI2 reporting at different frequencies, from every 15 minutes to every few hours. If you are getting intraday reports, they will appear in our dashboard as “available balance,” while the balance from the previous day will show as “prior day balance.” Note that not all banks support intraday reporting.