Funding Account
2 definitions

Funding Account

The appropriation (department code, fiscal year, and appropriation symbol) contained in the line of accounting cited on the obligation document provided to fund a disbursement that otherwise would have been chargeable to a closed appropriation.

Funding Account

Accounts used to fund a Fidelity® Cash Management Account if the Fidelity® Cash Management Account balance drops below the Fidelity® Cash Management Account Minimum Target Balance or to cover potential overdrafts if you have elected self-funded overdraft protection.

  • You can have up to five (5) Funding Accounts for each Fidelity® Cash Management Account enrolled in mySmart Cash Manager.
  • The Funding Account hierarchy you set up determines the order from which funds are transferred from your Funding Accounts to your Fidelity® Cash Management Account.
  • If your Fidelity® Cash Management Account is a Joint Account, you will be granting the other Joint Account owners view-only access to any Funding Accounts that you have authorized and own individually or with others.
  • If your Fidelity® Cash Management Account is a Trust account (TRUA — Trust Under Agreement), you will be granting the other Trust Account owners view-only access to any Funding Accounts that you have authorized and own individually or with others.

Eligible Funding Accounts must have the same owners as the Fidelity® Cash Management Account and may include:

  • Individual and Joint Accounts.
  • Trust under agreement (TRUA) accounts. The trustee(s) is/are considered the owner(s) of TRUA accounts.
  • Outside bank accounts — can only be used as the last account in your Funding Account hierarchy to restore your Minimum Target Balance (cannot be used for Self-funded Overdraft Protection).
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About this term

Funding Account has been defined 2 different ways in documents like DoD Financial Management Regulation Glossary, Glossary.

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