1.1.5 Retail Accounts Highlights (Current/Checking and Savings)

This topic covers the highlights for Retail Accounts.

• Account Creation:
  • Single
  • Joint
  • Minor
• Account Operations:
  • Transaction posting and accounting
  • Interest Management
  • Charges Management
  • Back value dated Accounting
• Account Amend Services:
  • Account Address Update
  • Check Book Request
  • Stop Check Instruction
  • Activate Dormant and Inactive Account
  • Account Status Change – No Debit, No Credit, Debit Override, Credit Override and Frozen status
  • Account Product Transfer
  • Nominee Details Update
  • Joint Holder Maintenance
  • Account Statement – Adhoc and Scheduled statements and masking of account number on statements
  • Limits – Temporary, Secured and Unsecured Overdrafts
  • Amount Blocks
  • Advance Against Uncollected Funds
  • Uncollected Funds Release
• Account Enquiries:
  • Check Enquiry - Check status and checkbook status.
  • Amount block Enquiry
  • Overdraft Limits summary - Enquiry of Temporary, secured, unsecured limits
  • Account 360 - Account Holder Details, Account Balance, Account Details, Suggested Actions, Overdraft Details, Alerts, Standing Instructions, Pending Requests, Recent transactions, and Interest Details
  • Account Balance Enquiry
  • Account Transactions Enquiry
• Account Closure
• US-Specific Features:
  • Garnishment Order Setup
  • Courtesy Pay Processing
  • State-wise Inactive, Dormancy and Escheatment Processing
  • Automatic product switch for Reg D Violations
  • Annual Percentage Yield (APY) & APY Earned (APYE)
  • Death Claim Processing
  • FIDM processing
  • OFAC Processing
  • Automatic revoking of stop payment on a check