The Service Reported Amount Bank Rules Screen allows users to provide rules for accumulating and withdrawing Reported Amount bank balances (usually for an hours bank).

• Accumulate amounts in excess of: space to indicate the amount over which deposits to the bank are to be made.
• Period target value: space to specify the target amount for each service period (deposits will not be made in excess of this amount for a period).
• Adjustment ratio for deposit amounts: if a fraction or multiple of the actual amount is to be deposited, specify the ratio here or check the None box if not applicable.
• Per-period deposit limit: if there is a per-period bank deposit limit, specify that here or check the None box if not applicable.
• Per-period withdrawal limit: if there is a per-period bank withdrawal limit, specify that here or check the None box if not applicable.
• Bank balance limit: if there is a total bank balance limit (where the bank balance may never exceed this limit), specify that limit here or check the None box if not applicable.
• Hours requirement for bank withdrawal: if there is a minimum amount within a period before a withdrawal may be made (no withdrawals unless hours are 500 or more for example), specify that amount here or check the None box if not applicable,
• Maximum number of concurrent withdrawal years: sets a limit to how many years in a row a Participant my withdraw from their stored bank.
• Once withdrawal is initiated, withdraw until total hours in period equals: sets a cap for the sum of earned service and withdrawn bank service in a period.
• Allocate bank hours backwards from calculation date: check this box to begin allocating banked service to the most recent period first. For example, a Participant who works from 2000 to 2020 would first be allocated banked hours to the 2020 Plan Year rather than the typical Bank Rules which would begin with the 2000 Plan Year.
• Prohibit withdrawals at Normal Retirement Date when calculating service on that date: if this box is checked, banked service may not be withdrawn at Normal Retirement Date (prevents Participants from boosting their incomplete final year to a full year of service using the bank).