You have some restrictions as to the length of a statement cycle, but I believe it is assumed that all transactions within that time will be listed.
You're saying that if made a WD today for $1M and my statement cuts 2 days from now, that WD may not show until the next monthly statement 30 or so days from now?
That would sure create some issues. Customers check the telephone system, call a teller, used an ATM and go to Internet banking already. How many different answers can they get because of transactional latency?
I'm with you, especially if these could be interest bearing accounts. The transactions within the statement cycle are expected to be there.
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AndyZ CRCM
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