1 Configurations

This topic contains the following Configurations as subtopics:

• Business Product
  User can classify the customer accounts of the bank into different groups and assign each group an identifying code.
• Joint Holder Type
  The Customer can be the sole owner of the account or it can be held jointly. Joint accounts are accounts that are shared between two or more individuals. They can be operated either singly or jointly.
• Garnishment Parameters
  A Garnishment Order is a Court Order or Statutory/regulatory authority order instructing a garnishee (i.e, to a bank) to hold funds in acustomer accounts and should not be released until directed by the court. The order may instruct the bank to hold or block a particular amount or all the available funds in the customer accounts. A garnishment block fee will be charged to the account on placing a block for the garnishment amount.
• Relationship Type
  To maintain the relationship types.
• Product Switch
  The automatic business product transfer for accounts based on certain events (Reg D violation).