1.12 Fund your account

This topic describes the option that allows you to fund your business checking account by specifying an initial deposit amount and providing the details of the card or account to be debited.

Alternately, you can also opt to fund the account later, in which case you will be required to fund the Checking account once your application has been processed.

Figure 1-21 Fund your account

Description of "Figure 1-21 Fund your account"

Note:

The fields which are marked as Required are mandatory.

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

Table 1-20 Fund your account - Field Description

Field Name	Description
Initial Deposit Amount	Specify the amount to be deposited in the account once it is opened. This field will be enabled only if the application is being made for a business that is new to the bank. The Initial Deposit Amount should be greater than the Minimum amount specified below this field. Note: For existing business customer applications, the facility to specify the initial deposit amount will be provided on a separate screen applicable only for existing business customer applications.
Minimum amount	Displays the minimum amount that is to be funded if the applicant selects the Fund Now option.
Fund Now	Click this button if you wish to fund the account right away.
Fund Later	Click this button if you do not wish to fund the account right away. Your application will still be processed and you can fund the account once it is open.

1. In the Fund your account modal window, specify whether you wish to fund the account right away or at a later time.
   Perform one of the following actions:

   • If you have selected the Fund Now option;
     1. If you are a prospect,

        The payment gateway page will be opened on which you can select the mode through which you can fund the account.

     2. If you are an existing customer,

        The screen on which you can specify the initial amount to be deposited and select the mode through which you wish to fund your account, will be displayed.

   • If you have selected the Fund Later option,

     The The preference will be updated and your application will be submitted. And the Confirmation page gets displayed.

   Under the kebab menu, perform one of the following actions:

   • Click the Save and Continue Later option to save the application.
   • Click the Continue on Mobile option to continue the application on a mobile device.

   Figure 1-22 Fund your account screen (Applicable for Existing Customer applications only)

   
   

   
   Description of "Figure 1-22 Fund your account screen (Applicable for Existing Customer applications only)"

   
   

   This page is applicable only for existing business customer applications and will appear once you have selected the Fund Now option on the Fund your account modal window.

   Note:

   The fields which are marked as Required are mandatory.

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

   Table 1-21 Fund your account screen (Applicable for Existing Customer applications only) - Field Description

   Field Name	Description
   Fund your account
   Initial Deposit Amount	Specify the amount to be deposited in the account once it is opened.
   Minimum amount	Displays the minimum amount that is to be funded.
   Funding Options
   Fund Through	Specify the mode through which you wish to fund your account. The options will be: Futura Bank Other Payment Mode
   Account Number	All the active checking accounts that your business holds with the bank will be available for selection. Select an account from which you wish to transfer the initial deposit amount into the new Checking account. This field will be enabled if the option Futura Bank is selected in the Fund Through field.
   Current Balance	Displays the current balance of the selected account.

2. In the Initial Deposit Amount field, enter the amount and currency to be deposited in the account once it is opened.
3. Perform one of the following actions:
   • In the Fund Through field, select the appropriate mode through which funding is to be done.

     Perform one of the following actions:

     • If you select the Futura Bank option;
       1. From the Account Number list, select the CASA account from which funds are to be transferred to the new account.
       2. Click Pay to initiate a funds transfer.
       3. Click Submit to authenticate the transaction.

          An application submitted successfully message appears along with the application number on the confirmation page.

     • If you select the Other Payment Mode option;
       1. Click Select Mode.

          The payment gateway page will be opened on which you can select the mode through which you can fund the account.

   Under the kebab menu, perform one of the following actions:

   • Click the Save and Continue Later option to save the application.
   • Click the Continue on Mobile option to continue the application on a mobile device.

Payment Gateway

This page will appear in the following scenarios:

1. You are applying on behalf of a business that is new to the bank and have opted to fund your account right away by selecting the Fund Now option on the Fund your Account modal window
2. You are an existing customer of the bank, and have selected the Other Payment Mode option on the Fund your account screen applicable only to existing customers.

Figure 1-23 Payment Gateway screen

Description of "Figure 1-23 Payment Gateway screen"

Note:

The fields which are marked as Required are mandatory.

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

Table 1-22 Payment Gateway screen - Field Description

Field Name	Description
Payment Modes	All the payment modes through which you can fund your account will be available for selection The options can be, and are not limited to: Debit Card Internet Banking QR UPI
Additional Payment Information	You will need to specify subsequent account or card information based on your payment mode selection. E.g. If you have selected the debit card option you will be required to provide information related to the card such as the card number, card holder name, expiry date, etc.

4. Select your preferred funding method for your account, then enter the required card or account information to complete the transfer.
   The Confirmation page will appear once the fund transfer is complete.