Article Details
Id:8801
Product:finPOWER Connect
Type:NEW
Version:1.03.02
Opened:05/05/2011
Closed:19/05/2011
Released:23/05/2011
Job: J007364

Account Withdrawal; new options to adjustment future Regular Payments

The Account Withdrawal wizard includes new options to adjust future Regular Payments.

After specifying the Withdrawal payment details an additional page allows you to either:

1. Hold the Regular Payment.
2. Adjust the Regular Payment to maintain the current Final Date.
3. Override Regular Payment with a fixed payment value.

Note, this feature is only available if the User has permission to add a Payment Arrangement, it is for a Fixed Term Loan and the Loan's balance is a Debit Balance (after the Withdrawal).

If option 2 or 3 is selected finPOWER Connect will create a Payment Arrangement for the Account with a Type of "Account Withdrawal".