Getting Started > How It Works

This section explains what happens behind the scenes when wires are sent or received using EFT GOLD.

Outbound Wires

Outbound wires post as a debit to a deposit account when wires are approved. The transaction is a miscellaneous debit (transaction code 1750-03) with a descriptor of 16, 65, 68, 70, 72, 74, 76, or 78 and a transaction origination code (TORC) of 374. If an account uses the Commercial Account Analysis option, the appropriate costed service is also updated when the transactions post to the account. Outbound wires can also use a General Ledger account; they also carry TORC 374.

Inbound Wires

Inbound wires post as a credit to a deposit account. The transaction is a miscellaneous credit (transaction code 1780-03) with a descriptor of 15 or 64 and a TORC of 374. If an account uses the Commercial Account Analysis option, the appropriate costed service is also updated when the transactions post to the account. Inbound wires can also use a General Ledger account; they also carry TORC 374.

Teller Number

The teller number assigned to all wire transfers is set up in Institution Option FTLR - FRB Teller number. Your institution decides what that number is. All wire transactions use this teller number. Set up your General Ledger autopost based on the transactions and TORC specified above.