Skip To Main Content

FDIC-Insured - Backed by the full faith and credit of the U.S. Government

Computer with Lines Across screen

Transaction Processing & Workflow Process Statuses

BankUnited TreasurySuite supports a variety of payment statuses as transactions move through the approval and processing workflow. While entitlements at the user and company level may alter which steps apply, the following represents the most common end-to-end workflow for ACH and Wire transactions.

 

StatusDefinitionPayment Can Be Modified/DeletedACHWires
EnteredNo errors detected; the payment is ready for approval YesXX
IncompleteSaved in an incomplete status YesXX
Needs RepairNeeds repair usually due to an error in a file import validation XX
Incomplete ApprovalCurrently in the approval workflowNoXX
High ValueRequires secondary approval for high value payments NoXX
ApprovedAn approved payment is ready for extraction to the BankUnited’s ACH Operations Team NoXX
Approver RejectedRejected by approver YesXX
DeletedNot available for workflow or modification  XX
Import in ProcessPayments currently being imported are set to this temporary status NoXX
Export in ProcessPayments currently being extracted are set to this temporary status NoXX
Needs RateNeeds an exchange rate  XX
ReleasedReleased to BankUnited’s ACH Operations Team NoXX
Bank ReceivedReceived by BankUnited’s ACH Operations Team NoXX
Bank ConfirmedConfirmed by BankUnited’s ACH Operations Team NoXX
RejectedRejected by the BankUnited’s ACH Operations Team NoXX