FCUBS - Funds Sweeps from Current Accounts to Call Accounts Leading to Overdrafts
(Doc ID 3072859.1)
Last updated on FEBRUARY 26, 2025
Applies to:
Oracle FLEXCUBE Universal Banking - Version 14.5.0.0.0 and laterInformation in this document applies to any platform.
Symptoms
ACTUAL BEHAVIOR
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FCUBS - Funds Sweeps from Current Accounts to Call Accounts Leading to Overdrafts
It is observed that certain accounts with standing instructions (SI) have been inadvertently drawn into overdrafts during the process of sweeping funds into the Call Accounts.
This issue has resulted in the affected accounts going into negative balances, potentially triggering overdraft fees and financial discrepancies.
EXPECTED BEHAVIOR
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System should not bring the accounting to overdraft during the process of sweeping
BUSINESS IMPACT
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The issue has the following business impact:
Due to this issue, accounts have gone in overdraft and triggered fees for overdraft
Changes
Cause
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In this Document
| Symptoms |
| Changes |
| Cause |
| Solution |
| References |