Account Number Reassignment

System Management System Management Account Number Reassignment

Account Number Reassignment is a purchasable module within the FLEX system designed to facilitate the reassigning of account numbers. This module is primarily used for fraudulent accounts but can be utilized for any necessary reason.

Key Features

  • Data Preservation: Retains all critical account information, including:
    • Balances
    • Open dates
    • Notes
    • History
    • Other associated data
  • Exclusion: Does not preserve cross-reference numbers.

Accessing the Module

The Account Number Reassignment module is located within the FLEX Main Menu:

  • System Administration
    • System Utilities
      • Developer
        • Account Number Reassignment

How to Reassign an Account Number

Follow these steps to reassign an account number:

  1. Navigate to the Module: Access “Account Number Reassignment” via the path described above.
  2. Enter “From Account Number”:
    • Input the existing account number you wish to reassign into the “From Account Number” field.
  3. Enter “To Account Number” (Optional):
    • You may enter the new account number in the “To Account Number” field.
    • If left blank, the system will automatically assign a new account number using its default assignment method.
  4. Initiate Reassignment:
    • Click the “Reassign Account” button.

Important Considerations and Warnings

  • Inherent Danger: Reassigning account numbers is an inherently dangerous operation.
  • Confirmation Prompt: A warning message will display, listing the items that will be updated if you proceed.
    • To continue: Type CONTINUE into the provided field.
    • To cancel: Do not type CONTINUE.
  • Items to be Updated: The following items are explicitly listed as being updated upon reassignment. Note that other items not listed may also be changed based on individual account usage.
    • Entity Record and all those associated
    • Share Accounts
    • Loan Accounts
    • Certificate Accounts
    • Document Archive
    • Card File
    • Audits
    • History
    • Internet Banking
    • Notes
    • Transfers
    • Charge Off Records
    • Share Draft MICR will be set to 0 on the new account.

Post-Reassignment Actions

After successfully reassigning an account number:

  1. Completion Time: The program will take several minutes to complete the reassignment process.
  2. Verification:
    • The changed account will appear in the “Changes” panel within the Account Number Reassignment module.
    • A report will generate, detailing any errors encountered during the process.
  3. Reference Flag: The OLD account number will be flagged with the reassigned number for future reference.
  4. Essential Follow-Up Tasks:
    • Add any necessary MICR (Magnetic Ink Character Recognition) and Check Digit information to the new account.
    • Order new cards for the reassigned account, if required.

Program Security

Security measures can be applied to program MS3800 for Account Number Reassignment.