Account application statuses - Standard

These account application statuses apply if the Tuum configuration for accounts is Standard or Hybrid.

APPLICATION STATUS CODE	DESCRIPTION
INSERTED	The INSERTED status indicates a draft account application has been created. You can edit or cancel the application at this stage. The application needs to be confirmed to proceed with application processing towards account opening.
PREPARED	After confirmation, the application becomes uneditable and enters the PREPARED status. The account application is ready for a manual approval process to change its status to PENDING, ACCEPTED, or REJECTED.
CANCELLED	The CANCELLED status indicates the draft account application was cancelled.
PENDING	The PENDING status indicates that the application processing is on hold until additional due diligence is complete. It is intermediary status before the account application gets ACCEPTED or REJECTED status.
ACCEPTED	The ACCEPTED status indicates the account opening due diligence has successfully completed and the process will proceed with the account opening.
REJECTED	The REJECTED status indicates the account opening due diligence has failed. It is the final status and terminates the account application's processing.
PROCESSED	The PROCESSED status indicates that the Tuum system has completed the account opening process. The application also includes the assigned account number by Tuum.
ERROR	The ERROR status indicates that the account application processing has encountered a technical error during the account opening process. You can manually retry the failed part of the process for failover.