Departments should check that by the fourth working day of month end any accounts with monies on deposit are not overdrawn at source of funds level.
If overdrawn, departments should take money off deposit to ensure that by the close of business on that day the account is no longer overdrawn. If this does not happen an overdrawn account will:
Where the source of funds is overdrawn
Be subject to an enforced deposit movement to bring the account into a positive balance.
Latest version 15 April 2024