| You must be licenced for the Deposits Add-On to use the functionality described below. |
Deposits are investments by Clients where funds are held by a Finance Company on deposit and interest paid to the Client or reinvested in the deposit.
Alternatively Deposits can be treated more like investment funds, where the funds are invested on behalf and any return on those investments credited back to the deposit via an Income Distribution.
- Full Client details can be held for each Client(s) or Company.
- Flexible Deposit Terms are available.
- Flexible Interest Rates.
- Running total of the Interest Accrued is held on each deposit.
- Maturity instructions are automatically carried out on the maturity date.
- User friendly Transaction Wizards to guide you through processing transactions.
- True Batch Entry facilities allow transaction batches to be entered, saved, added to, edited, printed and reported on.
- Fees can be applied to deposit withdrawals or broken term deposits.
- Flexible payment options, including make Direct Credit payments to most of NZ's major Trading Banks.
- Investment Income Distribution facility allowing interest to be allocated according to the average daily balance of the deposits, rather than paying a set interest rate.
- If licenced for both Loans and Deposits, Accounts can be allocated to "Pools".