21 docs tagged with "deposits"

Authorization Hold (also Card Authorization or Pre-authorization) is the practice of authorizing electronic transactions processed with a debit or a...

Blocking funds in an account essentially means you prevent clients from withdrawing or transferring a specified amount. Clients can still withdraw...

Clients with deposit accounts can either receive credit interest for the amount they save, or they can be charged debit interest if their accounts go...

To close an account:

In the UK banking environment, *compound interest with daily rest* is a prevalent method for calculating interest on various financial products,...

Every deposit account you create in Mambu is an instance of a deposit product that has been created before. So, the terms that were set for the...

Accounts with profit-sharing capabilities are created in the same way as interest-based accounts. For more information on creating an account, refer...

Each new deposit account has a life cycle consisting of the following states:

Mambu supports three types of fees you can set up when creating a deposit product, which you can apply to deposit accounts later:

A deposit product allows you to set up the parameters for a type of deposit that you wish to regularly offer. Deposit products are flexible and...

Mambu allows you to efficiently manage and work with your clients' deposit accounts.

An *ID template* is a representation of a type of ID document. For more information, see [ID Templates](/docs/id-templates).

The index rates that can be configured are interest rate, value added tax rate, and withholding tax. For more information, see [Customizing Index...

Whenever accrued interest is applied on an account, it means that the interest has been recognized as income in the case of loan accounts or...

In this article we discuss how we calculate the deposit interest, overdraft interest, and how we manage days in a year.

:::note Please note

When [setting up new loan products](/docs/setting-up-new-loan-products#create-a-new-loan-product), in the **Interest Rate** section of the form,...

The Maturity Period is the time during which no withdrawals can be made in a Savings Plan or Fixed deposit account. The duration of the period can be...

This section shows a comparison between features supported in standard deposit products, versus Shari'ah-based deposit.

Mambu has expanded our conventional banking platform to offer a comprehensive, fully Shari'ah-compliant Islamic banking feature. By allowing our...

It's uncommon to use more than two decimals in daily life. In order to show usable values we truncate and round interest to display a whole number or...