What is an EDI 103 Abandoned Property Filing Document?
EDI 103 is an electronic document used to report information about abandoned property filings, such as uncashed checks to government agencies. It can also be used by government agencies to notify general public about abandoned property.
An EDI 103 document is organized into segments and data elements. These data elements contain information related to the abandoned property, bank account balances, and checks.
Workflow for the Exchange of an EDI 103 Abandoned Property Filing Document
Information about abandoned properties is reported to government agencies using a 103 Abandoned Property Filings document. It can also be used for the initiation of an Electronic Funds Transfer to the government agencies equivalent to the value of the abandoned property.
Stay EDI Compliant with EDIConnect
EDIConnect is designed to handle EDI X12 and EDIFACT transaction sets. EDIConnect, bundled with its built-in parser, validator, and transaction builder, makes the process of sending and receiving EDI messages quick and easy. It also enables businesses and trade partners to carry out seamless communication and achieve EDI compliance.