Posting Restriction
Banks employ posting restrictions to regulate transactions in accounts. Posting restrictions are transaction-based rules that prevent transactions from being posted to an account for the purpose of operational control. A typical business case in which a bank uses a posting restrictions to regulate credits into an account is for non-resident accounts, where there may be restrictions on depositing local currency amounts into the account.
-
Update the account details to block or unblock the account by setting the posting restriction and to change the nick name of the account
-
Update the account details to block or unblock the account by setting the posting restriction and to change the nick name of the account
Deposit Statement
A deposit statement provides a detailed summary of the deposits made into a bank account during a specific period of time.
-
Retrieves the statement frequency of an account
-
Retrieves account transaction details such as transaction type, amount, transaction reference, credit or debit indicator, booking and effective date of transaction