10.1 Online Account Sweep In

This topic describes the systematic instructions about Online Account Sweep In. This screen helps the users to link Savings accounts, Auto Deposits, and Term Deposits to a Primary Account to enable online sweep-in and reverse sweep-in feature.

Online sweep enables the customer to utilize funds available in these accounts when there is a shortfall of balance in the Primary Account during a debit transaction.

1. On the Homepage, from Account Services, under Standing Instruction Maintenance, click Online Account Sweep In, or specify the Online Account Sweep In in the Search icon bar.
   Online Account Sweep In screen is displayed.

   Note:

   The fields which are marked in asterisk blue are mandatory fields.

   Figure 10-1 Online Account Sweep In

   
   Description of "Figure 10-1 Online Account Sweep In"
2. On Online Account Sweep In screen, specify the fields.
   For more information on fields, refer to the field description table.

   Table 10-1 Scheduled Transfer - Field Description

   Field	Description
   Account Number	Enter the Account Number or click the search icon to view the Account Number pop-up window. By default, this window lists all the Account Numbers present in the system. You can search for a specific Account Number by providing Customer ID, Account Number, or Account Name and click on the Fetch button. Note: The Account Name is displayed adjacent to this field as the account number is selected. The customer information is also displayed to the left of the screen.
   Search	Users need to click on Search button to view the Sweep History details.

3. After clicking on the Search button, the system displays the existing records for Savings Account, Auto Deposits, and Term Deposits in a tabular format. If no records are found, the system displays a message 'No records exist for the given account number'.
4. Users can link new Savings Account, Term Deposits by clicking on icon.
5. To input the editable fields like Savings Account, Seep Limit, Limit Frequency, Deposit Account, Linkage Percentage, Linked Amount click icon.
6. To link the new Savings Account, Term Deposits click icon.
7. To delete the linked Savings Account, Auto Deposits and Term Deposits by clicking icon.
8. On Savings Account, specify the fields.
   For more information on fields, refer to the field description table.

   Table 10-2 Online Account Sweep In-Savings Account

   Field	Description
   Savings Account	Displays the saving account numbers that are linked as a part of the sweep structure.
   Branch	Displays the branch code for the selected Savings account number.
   Details	Displays icon to view more details about the cover account that is linked to the parent account. Note: If you click the icon, the following details are displayed: Customer Name Available Balance Currency Last sweep in Amount
   Retain Minimum Balance	Users can click on the toggle button to enable or disable the minimum balance. When the Toggle button is enabled, the amount swept from the Savings Account is the difference between the available balance and the minimum balance maintained. The system considers the minimum balance of the Savings Account when the account balance goes below the minimum balance. If the toggle button is not enabled, the available balance in the Savings Account is swept during a transaction.
   Sweep Limit	Users can input the maximum amount to be swept from the Savings Account.
   Limit Frequency	Users can select the Limit Frequency from the drop-down list. The drop-down lists the below values: Per Transaction - The sweep limit maintained for the Savings Account is applied for every transaction that requires the amount to be swept from the Savings Account. Daily - The sweep limit maintained for the Savings Account is the cumulative limit up to which the sweep transactions will be allowed for the day.
   Utilized Amount	Displays the amount utilized by the receiving account number during a sweep in transaction.
   Actions	Enables the options to Create, Modify, Delete.

9. When Primary Account and Auto Deposit account classes are enabled for Sweep in, then the system by default includes auto deposits of a primary account in Sweep structure maintained for the primary account and allocates 100% of Auto Deposit amount as Linked Amount.
10. On Auto Deposits, system displays the following fields.
    1. Linkage Order
    2. Branch
    3. Deposit Account
    4. Original Deposit Amount
    5. Available Amount
    6. Utilized Amount
11. On Term Deposits, specify the fields.
    For more information on fields, refer to the field description table.

    Table 10-3 Online Account Sweep In-Term Deposits

    Field	Description
    Linkage Order	Displays the sequential order of the Term Deposit account linked.This is automatically updated by the system.
    Branch	Displays the branch code for the selected Deposit account number.
    Deposit Account	Enter the Deposit Account number or click on the search icon to view the Deposit Account pop-up window. By default, this window lists all the Account Numbers present in the system. You can search for a specific Deposit Account by providing Customer ID, Account Number, or Account Name and click on the Fetch button.
    Credit Account Name	Credit Account Name is displayed based on the account selected.
    Original Deposit Amount	Displays the amount for the Deposit Account.
    Linkage Percentage	Users can input the percentage. The value can be less than or equal to 100. Note: The value cannot be in negative value. If the entered value is more than 100, the system displays an error.
    Linked Amount	Users can specify the amount. This amount cannot be greater than the available deposit amount.
    Available Amount	Displays the available amount for the Deposit Account.
    Utilized Amount	Displays the amount utilized by the receiving account number during a sweep in transaction.
    Actions	Enables the options to Delete, Create.

12. To Enable Reverse Sweep In, click on the toggle button.