Are approvers expected to review both MPE and MPs before approval?

Yes, approved must review both MPE and MPs if the ACH transaction is $5,000 or greater AND either of the following conditions applies:

• The payee is a new payee, OR
• The payee is an existing payee and their banking information is being updated

If both the transaction threshold and one of the conditions mentioned above are met, review of both the MPE and MP is required prior to approval.