Primary Applications>Demand Deposit, Saving Accounts, & Christmas Clubs   

The demand deposit application supports regular DDA, NOW, Money Market, Passbook and Statement Savings and Christmas Club account types and any other deposit account without a maturity date.

Product types are defined by you to fit your market strategy and target customers. Over 1,300 separate types of demand deposit accounts may be defined as interest bearing, non-interest bearing, or savings account. Once defined, any factor of an account type can be easily changed at any time and will become effective immediately.

Other features include:
 

Account Analysis - any account, or group of accounts, where you define the cost and credit factors, may be placed on account analysis. Automatic Funds Transfer - regular transactions from a deposit account to any other customer account can be set to process automatically. Combined Statements - combined statements contain information about other accounts a customer may have with you. Any account may be included or excluded on the combined statement. File Maintenance History - all non-monetary file changes are recorded in a history file that is available for on-line viewing. Specific data includes the date and time of the change, the ID of the person making the change, and the value of the field before and after the change. Float - float is determined by analysis of transit/routing numbers of deposited items and is "rolled down" during processing. This occurs after the deposit is initially processed. Four-Quarter History - a four-quarter history is tracked for average ledger, average collected balances, and the number of times the customer had insufficient funds and overdrafts. History Retention - statement transactions are retained on-line for a minimum of 60 days. Home Equity Checking - multiple types of home equity plans are supported. Payments to this type of account may be debited from any demand or savings account. Kite Suspect Analysis - kite suspects are identified when the number of credits to an account are excessive and the variance of average collected balance to average ledger balance is significant.

Multi-Level Cash Sweep - cash sweep operations are performed from demand accounts to other deposit or loan type accounts. Multiple accounts may sweep into or out of a single target account. Float may be swept with the balance. On-line Re-entry of Unposted Items - unposted items may be resolved without sending them back through proof. You may decide to pay or not pay, generate a notice and assess an insufficient funds/overdraft charge by use of this on-line feature. Overdraft Protection - multiple types of overdraft protection plans are user defined. Each type may have different numbers of grace days, methods of payment calculation, method for advancement of funds, annual or monthly fees, and interest rates. Rate Change History - all types of statements provide complete history of rate changes which occurred during the statement cycle. Service Charge Modeling - new or existing account types may be used to forecast changes in income which might result from changes to service charge parameters. Modeling is done without disturbing current data. Split-Rate Accruals - any account type may be defined to accrue "segments" of the balance at different rates. Tiered Accruals - any account type may be defined to use different rates for accrual, depending upon balance. User Defined Defaults for New Accounts - all new-account entry defaults may be changed in the type level parameter.