1.2.16 ESA Services

This topic provides information about the newly added Education Savings Account (ESA) Services.

Feature Introduction

• A separate menu structure is created for ESA services which allows a Bank users to perform servicing transactions on ESA Accounts and Deposits.
• Following new screens are introduced under the ESA menu:
  • ESA 360
  • Deposit Account Opening
  • Contribution and Distribution
  • ESA Internal Transfer
  • ESA Rollover
  • Account Address Update
  • Beneficiary Details Update
  • Account Preferences
  • Account Closure
  • Customer Relationship Maintenance
  • Account Statement Frequency
  • Consolidated Adhoc Statement
  • Activate Inactive/Dormant Account
  • Account Status Change
  • Create Amount Block
  • View and Modify Amount Block
  • Account Transactions
  • Certificate
  • Interest Paid Out Details
  • Account Closure Inquiry
  • ESA Plan Details
  • Account Modification