Account Sweep

The Account Sweep feature enables the online user to create and manage sweep instruction. The user can create sweep instructions by defining rules and frequency. There can only be one Primary account and one Secondary account per sweep instruction.

An account that is managed as a Primary account in an active sweep instruction cannot be used as a Primary account in an alternate sweep instruction.

The user can perform any of the following actions:

• Sweep instructions between two accounts.
• Set up maintenance, Surplus, and two-way sweep instructions.
• Edit and Cancel the sweep instructions.

UX Overview

View Sweep Dashboard

The following fields are available in Account Sweep Dashboard. In this dashboard, the user can create, edit, and cancel a sweep. The edit and cancel sweep options are available at each record level.

For a multi-customer user( users facilitated with compact customer listing dashboard), sweep dashboard screen is facilitated with a customer ID drop-down to view the relevant sweep records.

• Search - Use the keywords(Account number/Account name) to search for particular record.
• Filter - Use this to filter the records(Above/Below/Both).
• Primary Account - The primary account used for account sweep.
• Secondary Account - The secondary account used for account sweep.
• Sweep Condition - The sweep rule is set for the account. Above, Below and Both are the available conditions. See glossary for more information.
• Amount - The amount value set for sweep rule.
• Status- It shows whether the sweep is Active or Inactive.
  • Active- This shows the sweep is active and in effect.
  • Inactive- This shows the sweep is not active, reached end date and no longer in effect.
• Actions - The available actions are Cancel Sweep and Edit.

The following fields are available when the record is expanded.

• Frequency - This shows scheduled preference set by the user on which the sweep record gets executed.
• Next Occurrence- This shows the upcoming date on which the sweep record is supposed to execute.
• End Date - End date is specified for the sweep record. If the user sets up a specific date, the sweep status moves to ‘Inactive’ on the specified date and if the user select for ‘End manually’, sweep record will be active until the time user chooses to schedule an End date.
• Cancel Sweep- This option is to inactivate the sweep.

Create Sweep Instructions

The user with required permissions can create sweep in digital banking application. There are two ways to navigate to sweep instructions.

Web Channel

• Login > Hamburger Menu > Account > Account Sweep.
  
• Login > Home Page > Account Summary page > More > Manage Sweep.
  

Following are the steps to create Sweep:

1. In Account Sweep page, click Create New Sweep. This navigates to Create New Sweep page.
   
2. Select the Primary Account from the drop-down list.
   If the user navigates from the account summary page, the primary account details are auto filled with the account information.
3. Select the Secondary Account from the drop-down list.
   
4. Set the sweep condition. The user can select one or all the checkboxes.
   
   • For Below(Maintenance Sweep), select If balance in primary goes below - then topup amount from secondary account.
   • For Above(SurplusSweep), select If balance in primary goes above - then topup amount from secondary account.
   • For Both, select both options.
   
5. Set the Frequency from drop-down list.
   
6. Select Starting From using the date picker.
7. Select the End Date.
   • End Manually - If the user wants to delete the rule manually.
   • Custom Date - If the user wants to stop the rule on specified date. Select the end date using date picker.
8. Click Continue. This navigates to the Confirmation page.
9. Verify the details and click Submit.
   
10. An acknowledgment page appears with a success message.
    

Mobile Native

Manage Sweep

If the selected account is already a part of an existing sweep as a Primary account, the user have an option to Edit/ Cancel the sweep option based upon permissions enablement for the account in spotlight application. If the selected account is not a part of a sweep record as a Primary account, the user must navigate to create a sweep flow with the selected account pre-populated in the 'Primary account' field.

Edit Sweep Instructions

The user with required permissions can edit the Sweep Instructions. The following are the steps to edit a Sweep Instruction:

1. In the Account Sweep dashboard, search for the sweep.
   
2. Expand the record and click Edit.
   
3. Edit the available fields. Secondary Account, Sweep Conditions, Frequency, Starting From, and End Date.
   
4. Click Continue. This navigates to the Confirmation page.
   
   
5. Verify the details and click Submit.
   The user can click modify to go back Edit Sweep for further modifications.
   
6. An acknowledgment page appears with a success message.
   

• If the application cannot update the Sweep condition, a failure message appears. For more information see Error Scenarios.
• The user can click Cancel to terminate the current process.

Mobile Native

Cancel Sweep Instructions

The user with required permissions can cancel Sweep Instructions. The following are the steps to cancel a Sweep Instructions:

1. In the Account Sweep dashboard, click on any sweep and expand the record, user can see an option Cancel Sweep.
   
2. Click Cancel Sweep to cancel the sweep.
   
3. When the user set up a sweep record with “End date” as a Future dated instruction and if the user clicks cancel sweep button, system will show the below pop up.
   
4. When the user set up a sweep record with “End date” as ‘End manually’ option and if the user clicks cancel sweep button, system will show the below pop up.
   
5. An acknowledgment page appears with success message.
   
6. User can activate the sweep by clicking edit option. For more information see Edit Sweep Instructions.
   

• If the application cannot delete the Sweep condition, a failure message appears. For more information see Error Scenarios.

Mobile Native

Error Scenarios

• If the user tries to create a sweep from the sweeps dashboard via the Hamburger menu option and if the user selects any account that is already maintained as a Primary account in an existing sweep instruction, the user will see the following error and needs to go via edit sweep flow.
  
• If the Digital channel application does not get any response for any of the sweep actions – Create / Edit/ Cancel flow from the back end Transact, the user will see the following error.
  
• In the edit sweep flow, if the user tries to change the Next occurrence date as the same date maintained in the End date field, the user will see the following error.
  

Mobile Native

Feature and Actions in Spotlight

Manage sweep actions

The Feature and actions for sweeps enablement in the digital channels are defined in the spotlight application. The following features and relevant actions are available in the Master data management level to manage/ enable the sweep actions to the users.

In the DBP Bundle system configurations, the sweep mapping parameter is setup to map the corresponding value to Transact via API.

Glossary

Terms	Description
Below (Maintenance) sweep	This condition involves sweeping from the Secondary account to the Primary account when the Primary account falls below its minimum set amount.
Above (Surplus) sweep	This condition involves the sweeping of funds from the Primary account to the Secondary account when the balance in the Primary account goes above the maximum set amount.
Both (Two-way) condition sweep	This style is simply a below sweep and an above sweep in one link.

Experience API

Following are the APIs for Account Sweep.

Name	Description	Introduced In
getAccountSweepById	This API retrieves account sweep details by ID.	2023.01
createAccountSweep	This API creates account sweep details by ID.	2023.01
getAccountSweeps	This API retrieves account sweep details.	2023.01
editAccountSweep	This API edits an account sweep.	2023.01
deleteAccountSweep	This API deletes an account sweep.	2023.01
initiateDownloadAccountSweeps	This API downloads account sweep details.	2023.01
Object Data Model	This Object Data Model describes the parameter name and other attribute details for Trade Finance.