Create currency account with application

This explanation applies primarily to external and hybrid account configurations and the standard configuration if selected.

About account application

In the account opening process, the creation of the account application is a preparatory stage before the account opening and consists of two steps.

1. Creating an account application.

2. Confirming an account application.

Confirmation of the account application initiates the account opening process. Depending on the account setup type, the account will be assigned either an externally provided or internally generated account number.

Create account application

Follow the steps below to open a currency account using the account application.

1. Open the person view page:

   • Go to Persons > Search.

   • Fill in search parameters > click the Search button.

   • Click the Identification number to access the person view page.

2. Create an account application for a person:

   • From the person content menu, choose Account > Account applications.

   • Click the Create application button.

   
3. Fill in the main account application details.

Selecting the correct combination of account type setup, service provider code, and account code parameters is crucial to opening the intended account.

1. If necessary, you can add account owner limits (optional).

   • Click the Add Limits button to open the section with parameters.

   • Fill in the parameters for the account owner limits.

1. If necessary, you can add representatives and their limits (optional).

   • Click the Add Representatives button to open the section with parameters.

   • Fill in the parameters for the representative and set their limits.

1. Click Submit to complete the creation of the account application.

You must confirm the account application to start the account opening process.

Edit or cancel account application

After clicking Submit, Tuum creates a draft account application with the status INSERTED. You can edit or cancel the draft application until you confirm it and start the account opening process.

Edit account application

Click Edit to change the account application details and click Save to preserve the changes.

You must confirm the account application to start the account opening process.

Cancel account application

Click Cancel to cancel the account application.

• Select the reason for the status change and add a comment, if necessary.

• Click Yes to confirm the cancellation.

Cancelling an account application results in the irreversible termination of the account application process.