1.1.7 Configurations for Retail Accounts, Retail Deposits, and Servicing

This topic covers the configurations required for Retail Accounts, Retail Deposits, and US Region specific.

• Retail Accounts:
  • Business Product Definition – Savings, Current and Checking accounts
  • Relationship Type
  • Joint Holder Type
• Retail Deposits:
  • Business Product Definition – Certificate of Deposits
  • Deposit Pay in Maintenance
• US Region Specific:
  • Garnishment parameters – Applicable business products, Lookback period and charge code
  • Courtesy Pay – CP limit and charge code
  • Reg D – Reg D thresholds for violation and notices
  • Automatic product switch for Reg D
  • State-wise Inactive, Dormancy and Escheatment parameters – Inactive days, Dormancy Days, Escheatment days, Reactivation parameters, notice parameters and bank and state GL configuration for balance proportioning in case of escheatment of the account.
  • Auto-revoke of stop check request – Oral and Written
  • Applicability of check book request processing by external vendor