The undeposited funds system was designed specifically for cases where the client wants the system to accurately match any real-life transactions that have taken place. When a user goes to deposit checks, they would usually deposit a batch of checks together and this will show up as a single deposit on their bank statement. If manual deposits are used, any incoming payments will first be placed in the undeposited funds account in Property Matrix. When someone actually goes and deposits the funds in the bank, a deposit can be created in Property Matrix to represent that physical deposit. The user will be able to choose which checks were deposited in that batch. This deposit will show up as a single transaction in Property Matrix that is a bulk sum of all the checks that were deposited.

The direct deposit system is for users who do not need this level of detail, and simply want any incoming payments to appear immediately in the corresponding operating account. There are no deposits that are done when direct deposits are used. The system has no way of knowing which checks were deposited together by the user if they do not manually record the deposit in our system with manual deposits.

Note that the direct deposit system does not affect ProPay transactions, as those always correspond with the real-life transactions that take place. ProPay transactions will always appear in the undeposited electronic funds and a deposit will be created once ProPay has actually deposited those funds into the corresponding bank account.