2.4.6.1 Add Beneficiary

You can add a beneficiary to a CD account.

To add a Beneficiary :

1. In the Beneficiary Details section, click Add Beneficiary .
   The Add Beneficiary section is displayed.

   Figure 2-55 Add Beneficiary

   
   

   
   Description of "Figure 2-55 Add Beneficiary"

   
   

   Figure 2-56 Address Details

   
   

   
   Description of "Figure 2-56 Address Details"

   
   
2. You can maintain the required details in the sections displayed. For more information on fields, refer to the field description table.

   Table 2-40 Add Beneficiary – Field Description

   Field	Description
   Beneficiary Details	This section displays the fields for capturing the basic beneficiary details.
   Customer ID	Select or specify the customer ID to default the beneficiary details for the selected customer.
   Relationship Type	Select the relationship type with the beneficiary.
   Title	Select a title for the beneficiary.
   First Name	Specify the beneficiary first name.
   Middle Name	Specify the beneficiary middle name.
   Last Name	Specify the beneficiary last name.
   Date of Birth	Select or specify the beneficiary date of birth.
   Minor	Displays whether the added beneficiary is a minor or major based on the date of birth selected or specified. Note: The minor status will be derived based on the minor age limit maintained for the state (the state will be derived from the account holder's residential address). Find the below steps to configure minor age validation. Create a fact for values, State, and Age. Create a rule for minor age validation with the required state and related age. IF ((STATE==US)&&(AGE < 18)) Output Section1 True Maintain a validation model with model code as VMMINORAGE and link the above rule. For more information, refer to the Oracle Banking Common Core User Guide to create Fact, Rule and Rule Group.
   Address Details	This section displays the fields to capture the beneficiary address.
   Default Account Address	Switch to Toggle ON to default the account holder's communcation address specified. Switch to Toggle OFF to not to default the account holder's communcation address specified.
   Building	Specify the building of the beneficiary.
   Street	Specify the street of the beneficiary.
   City	Specify the city of the beneficiary.
   State	Specify the state of the beneficiary.
   Country	Select or specify the country of the beneficiary.
   Zip Code	Specify the zip code of the beneficiary.

   • If the added beneficiary is a minor, its mandatory to add the guardian details. If required, you can also add gaurdian details for a major by switching to toggle ON from the Add Gaurdian field in the Gaurdian Details section

     Figure 2-57 Guardian Details

     
     

     
     Description of "Figure 2-57 Guardian Details"

     
     

     Figure 2-58 Guardian Address Update

     
     

     
     Description of "Figure 2-58 Guardian Address Update"

     
     

     For more information on fields, refer to the field description table.

     Table 2-41 Guardian Details – Field Description

     Field	Description
     Customer ID	Select or specify the customer ID to default the guardian details from selected customer.
     Relationship Type	Select the relationship type with the guardian.
     Title	Select a title for the guardian.
     First Name	Specify the guardian's first name.
     Middle Name	Specify the guardian's middle name.
     Last Name	Specify the guardian's last name.
     Address Details	This section displays the fields to capture the guardian's address details.
     Default Address	Select the default address for the guardian. The options are: Beneficiary: If you select this option, then the guardian address is defaulted from beneficiary address. Account: If you select this option, then the account holder communication address is defaulted as guardian's address. Note: If requried, you can edit the defaulted address.
     Building	Specify the building of the guardian.
     Street	Specify the street of the guardian.
     City	Specify the city of the guardian.
     State	Specify the state of the guardian.
     Country	Select or specify the country of the guardian.
     Zip Code	Specify the zip code of the guardian.

3. Click Add Beneficiary.
   • To add another beneficiary, you can click Add Another.
   The beneficiary details are saved and displayed in the Certificate of Beneficiary Details Update section.
4. Click Submit.
   The screen is successfully submitted for authorization.