When local bank accounts are primarily associated with individual fund codes, the Master Bank field found on the Fund page is used for consolidation by means of the Automatic Bank Transfer Process. When that process finds cash recorded into or out of a bank account that is not that Master Bank, it builds not only a Bank Transfer Journal Voucher to move cash between Advantage bank accounts but also an ACH file to move the cash between physical bank accounts.
This process allows departments to make deposits and write checks locally and then have that activity transferred to and reimbursed from a central bank. This process works reliably under two scenarios. The first is having a specific fund setup for the activity that defaults that local bank and not a central bank (the fund record has a different Bank and Master Bank). Fund records in this scenario are not shared across departments. The second scenario is where the local bank is interfaced or entered on transactions instead of defaulting from a shared fund that would have a central bank account as the default (the fund record has the same Bank and Master Bank).