Create Account
Business & Corporate Enterprise Services (BCES) enables you to create premium, savings, standard, start up and current accounts in any currency for the customers. This service operation enables customized account creation with options to define limit, interest spreads, statement frequency, and payment schedules.
-
Allows to create and manage various types of accounts such as current, savings, corporate, islamic, non-resident and minor accounts created using the Arrangement Architecture. Pool accounts can also be created for Notional pooling purpose
-
Allows to create and manage various types of accounts such as current, savings, corporate, islamic, non-resident and minor accounts created using the Arrangement Architecture. Pool accounts can also be created for Notional pooling purpose
-
Creates a simulation for account product with the details such as customer identifier, account currency, etc.
-
Amend a simulation for account product with the details such as customer identifier, account currency, etc.
Account Dormancy
Account dormancy is a period of inactivity on a financial account, such as a bank account or credit card account, during which no transactions or other account activity occurs. The length of time that an account can remain dormant before it is considered inactive or dormant varies depending on the financial institution and the type of account. Typically, an account is considered dormant if no customer-initiated transactions, such as deposits or withdrawals have occurred for a specified length of time, which can range from six months to two years.
Reset Dormancy
PUTReset the dormant account to active status manually
Update Dormancy
PUTDeactivates the savings account and moves it to given dormancy status.
-
Retrieves the dormancy setup details for the account such as dormancy period, status etc