17 Sweep-In

This topic describes the the Sweep-in feature which allow user to add his Current and Savings / Term Deposit account held with the bank, as a sweep-in account.

A sweep in facility enables customers to link their Current and Savings/Term Deposit account to another Current and Savings account held with the bank. Whenever there is insufficient funds, the shortfall in the account is swept in from the linked Term Deposit/Current and Savings account, thereby providing the customer the convenience of getting payments processed with ease.

The Sweep-in option enables the user to manage all his linked current and savings accounts and term deposit accounts. With this option, the user can add his Current and Savings / Term Deposit account held with the bank, as a sweep-in account. There is also an option to delete or delink sweep-in from an existing Current and Savings account / Term Deposit accounts, which has sweep in facility. After logging in to the application, when the user clicks the Sweep-in option, the user has to select his provider account, which directs him to the Sweep-in summary page. This page has options to add and delete the sweep-in accounts.

Pre-requisites

• Transaction access is provided to the Oracle Banking Digital Experience user

Features supported in the application

• View Sweep In
• Add Sweep In
• Delete Sweep In

Figure 17-1 Workflow

Description of "Figure 17-1 Workflow"

To manage sweep-in accounts:

1. Perform anyone of the following navigation to access the Sweep-In screen.
   • From the Dashboard, click Toggle menu, click Menu, then click Accounts, and then click Current and Savings Accounts tab, and then click Current and Savings Account Number. From the Current & Savings Details page, click on the More Actions, and then click Sweep-In.

   • From the Search bar, type Current & Savings – Transactionsand press Enter, and then click on the More Actions, and then click Sweep-In

     .
   • From the Search bar, type Current & Savings – Sweep-In.

   The Sweep-In screen appears.

2. Select the beneficiary account number from the Account Number list.
3. Select an account type from the Linked Account Type option.
   All the linked accounts of the account type selected are listed under the Linked Accounts table. All the accounts available for linkage of the selected account type are listed under the Link Accounts table.

   Figure 17-2 Sweep-In

   
   

   
   Description of "Figure 17-2 Sweep-In"

   
   

   Table 17-1 Sweep-In - Field Description

   Field Name	Description
   Account Number	Select a sweep-in beneficiary account number from the list.
   Account Balance	The net balance in the beneficiary account.
   Linked Account Type	The option to select and view either provider Current and Savings account or provider Term Deposit account details.
   Linked Accounts	All the linked accounts of specific type (Current and Savings or Term Deposit) are displayed upon specification of Linked Account Type.
   Current and Savings	The following fields appear if you select Current and Savings option in the Linked Account Type field.
   Account Number	Provider Current and Savings account number in masked format.
   Primary Holder Name	The name of the primary account holder.
   Balance	The net balance of the provider account.
   Action	The action to delete the linked account is displayed against each account.
   Term Deposits	The following fields appear if you select Term Deposits option in the Linked Account Type field.
   Account Number	Deposit account number in masked format, which is linked as a provider account number for sweep-in facility.
   Primary Holder Name	The name of the primary account holder.
   Action	The action to delete the linked account is displayed against each account.
   Link Accounts	All the accounts of specific type (Current and Savings or Term Deposit) that are available for linkage are displayed under this table.
   Current and Savings	The following fields appear if you select Current and Savings option in the Linked Account Type field.
   Account Number	Provider Current and Savings account number in masked format.
   Primary Holder Name	The name of the primary account holder.
   Balance	The net balance of the provider account.
   Action	A check box enabling the selection of the account to link to the beneficiary account is available against each account.
   Term Deposits	The following fields appear if you select Term Deposits option in the Linked Account Type field.
   Account Number	Deposit account number in masked format, which is linked as a provider account number for sweep-in facility.
   Primary Holder Name	The name of the primary account holder.
   Action	A check box enabling the selection of the account to link to the beneficiary account is available against each account.

4. Perform one of the following actions:
   • Under the Linked Account/Deposits table, select icon against a specific account to delete linkage.
   • Under the Link Account/ Deposits table, select a checkbox/checkboxes of account/s you wish to add as sweep-in accounts to the beneficiary account and click Submit.

• Sweep In - Add
  This topic provides the systematic instructions for user to link his beneficiary Current and Savings account or Term Deposit accounts to his provider account to set up a sweep in facility.
• Sweep In - Delete
  This topic provides the systematic instructions for user to delete or delink an account linked to a current or savings account for sweep-in.