Article Details
Id:18010
Product:finPOWER Connect
Type:NEW
Version:3.04.00
Opened:29/03/2021
Closed:06/04/2021
Released:30/06/2021
Job: J026239

Revolving Credit Accounts; add default for "Direct Debit Payments due on opening date?"

Revolving Credit Account Types now include the default for "Direct Debit Payments due on opening date?" - like other Loan Account Types. This is specified on the Payments page.

When adding a new Revolving Credit Loan Account in the New Account wizard, Other Details page, if there is a Minimum Payment due on the opening day, there will be an additional heading "Direct Debit options" where you may update the option "Direct Debit Payments due on opening date?".

The default is that defined on the Account Type.

To trigger this question the following conditions must be met:

  • Payment is by Direct Debit
  • Minimum Payment Due Days = 0
  • Statement First Date is on the date the Account is opened.