Article Details
Id:21829
Product:finPOWER Connect
Type:NEW
Version:4.01.03
Opened:27/08/2024
Closed:28/08/2024
Released:05/12/2024
Job: J034174

Account Type Promotions; added more options to override Default Interest settings

Account Type Promotions now support more Default Interest option overriders.

These include:

  • Charge Default Interest on Account Balance when:
    • In Default?
    • Post Maturity?
    • Or post final payment date from Payment Arrangement?
  • Charge Default Interest when Overdue?
    • Overdue Basis
    • Threshold
    • Charge Basis
  • Minimum Charge