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Table of Contents (Online Help)

Savings Details

This page allows you to view the details of a client's savings account and transactions.

Note: This is only possible after you have opened up a savings account for this client under Savings/Open Savings Account

How to view savings accounts details

To view the details of a particular savings account, go to Clients/Individual Clients/savings details and the following screen appear:

• Note that before viewing information on this page you have to update the loan status by running "Retrieve loans" option from the "Loans" menu.
  

• Opening date: This is the date the client opened the savings account for the particular product.

• Please note that it is not possible to enter any savings transactions before the opening date of the account.

• Default Savings Product? If the check-box for this option is activated then this product will be the first option on the screen at the entry of the "Deposit" or "Withdrawal" in the Savings module.

• Note that a product is given default status at opening of that savings product under the menu Savings/Open Savings Account.
  
  This feature may help to speed up the data entry in organizations where most of the savings transactions are done in one particular product.
  

• No Withdrawals Allowed? Activating this check-box will disallow withdrawals and transfers from the savings account for the specified product.
• Account on Hold? You will temporarily deactivate the account by marking this check-box. No transactions are possible for the account while it is on hold. Removing the checkmark reverses the option.
• Signatures Needed for Withdrawals. Indicate here the number of signatures needed to make a withdrawal from the joint savings account. The number of signatures is displayed on the "General Account Information" page at the entry of the "Deposit" or "Withdrawal" in the Savings module. At this point you can crosscheck if the documents, authorizing withdrawal, have the right signatures.
• ATM Card number: This field is read only, the ATM card number will automatically appear in this field. This number should have been entered under Savings/Open Savings Account but cards are created under Savings/Credit and debit cards.
• Total approved credit for savings and loans: This option allows a user to set Overdrafts for clients by entering the maximum negative amount a client can withdraw from their savings accounts e.g. "500000". For it to become functional, you need to de-activate the option "Overdraft protection?", under the menu Configuration/Savings/Savings Accounts Settings. Here you can indicate the maximum allowable amount of overdraft. Every time at entering savings withdrawals Loan Performer will be performing a check on the negative balances.
• Credit facility approval date: Here you enter the last date when the overdraft should be cleared.
• Restrict balance to approved amount:
• Save: If you have made any changes you can now click the Save button to save the changes. You will only be able to make and save changes only after you have unlocked client information under the menu Clients/Unlock client information
• Print statement: Click on this button to view the savers statement of the client. This statement will have the details of the transactions to-date.

• To View/ Modify or Delete an account: to view /modify the details of the savings or delete an existing account you have to highlight it on the list under "Savings accounts settings" the details will be displayed, you can modify them or even delete the account.

• Please note that information in the table on the right side of the page is automatically updated by Loan Performer at the entry of savings transactions in the Savings module and is not modifiable at this page.

Related Topics

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