Creating Full Notice Amount with Account Closure 

Use

When notice is given for the full amount, this also applies to the account balance and all future special interest credit. This enables the customer to withdraw the full deposit amount and any special interest credit when the account is closed, without incurring interest penalty.

Prerequisites

There is no other full amount notice with account closure for this account.

Procedure

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       1.      In the change mode, call up the relevant account for the full amount notice with account closure by choosing Account ® Change. Choose the tab page Amount Notices and the group box Available Amounts.

       2.      Choose Edit ® Create Full Amount Notice with Account Closure.

The system displays the Bank Customer Accounts: Create Full Amount Notice with Account Closure screen.

       3.      Select a notice reason.

If you have set the No Notice Period indicator in the Customizing for the notice reason, the system also informs you that the notice period has been suppressed.

       4.      Enter the notice receipt date. You can now calculate the withdrawal period start and end by choosing the Calculate Withdrawal Period Start/End button.

       5.      Enter the withdrawal period start if you have not chosen the Calculate Withdrawal Period Start/End or Calculate Withdrawal Period Start button (button next to the Withdrawal Period End field).

You can calculate the withdrawal period end by choosing the Calculate Withdrawal Period End button (next to the withdrawal period start).

       6.      Enter the withdrawal period end if you have not already chosen the Calculate Withdrawal Period Start/End or Calculate Withdrawal Period End button (next to the withdrawal period start).

You can also choose the Withdrawal Period Start button to calculate a withdrawal period start. If a withdrawal period start has already been entered, it is overwritten when you choose the Calculate Withdrawal Period Start button.

       7.      Choose the Calculate Maximum Notice Amount button. The system calculates the maximum available amount.

You cannot enter a notice amount since notice is given for the entire deposit in a full amount notice with account closure on the withdrawal period start.

       8.      Choose Back.

The system displays a dialog box and asks if you want to transfer the data. You are informed that the data is saved on the account only when the change is made.

       9.      Confirm by choosing Yes.

The system displays the Change Bank Accounts: Basic Data screen

where it uses the withdrawal period start as the account closure date in the group box.

The status bar tells you whether the closure date was set for the full amount notice with account closure.

   10.      Save your entries.

The system adds the screen area for creating the reference account (for the account closure).

   11.      Create the reference account for the account closure (see Creating a Reference Account for the Account Closure).

The system sets the next balancing date to the account closure date.

   12.      Save your entries.