Creating a direct debit export file to send to the bank

Clearmatch produces direct debit bank files that can be uploaded to the bank, in order for them to process.

The direct debit file contains all transactions where money will be paid into the bank account of the warehousing entity e.g. repayments by borrowers for their finance agreements or interbranch transfers between different bank accounts.

This article includes the steps to create a DD (Direct Debit) file in Fusion.

Create Direct Debit Export File 

1. Log into Clearmatch Fusion with the relevant credentials:

2. Navigate to Banking > Electronic Funds Transfer:

2. The bank statements screen will appear blank and show no available options. Simply select the warehousing entity that the bank account belongs to from the Warehousing Entity drop down list: 

 

3. Once the warehousing entity ihas been selected, the Messages section will be populated and display the number of DD transactions have or have not been created, and the dollar value of those DD.

 

4. Click on the Create Direct Debit Export File optoin under Daily Processing (to create a DD export file): 

IMPORTANT NOTE: Make sure to wait three minutes after creating the file before continuing with the remainder of these steps.

5. Once the DD file has been created successfully, select the Direct Debit Submissions option under List: 

6. This will display all of the previous submissions that have been made. Ordered by creation date (with the most recent submission showing at the top of the list), select the relevant item from the list:

7. This will redirect to the Display Direct Debit Submission screen for that item. To open the file in order to view it, click on the Action Panel  > Export Files > Preview:

8. After reviewing the file, to export this click on the Action Panel  > Functions > Export File:

9.  This will redirect to the Display Direct Debit Submission screen, but the file can now be passed on to the bank for processing. 

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