IntelleDoc™ Libraries for Deposit Accounts
Advanced intelligence in compliance documentation
The IntelleDoc Deposit library documents transactions for core savings products, CDs, checking, NOW accounts, money market accounts, and safe deposit boxes. The power of IntelleDocs delivers a new degree of compliance confidence, automatically selecting the correct text for a specific transaction that satisfies federal and state compliance requirements. Each IntelleDoc is a software application containing logic to validate that the information it contains is accurate based on certain critical data provided for that institution and for that transaction.
The benefits of IntelleDocs go beyond those of compliance excellence. IntelleDoc deposit documents are easier to read, easier to understand, and present a more professional image than other deposit document options. The logic of the IntelleDoc system:
The result is a comprehensive documentation system that alleviates compliance risk while improving customer service, documentation quality, and the professional image of the institution.
Foundational documents in the Deposit Library include:
Account Agreement
This single IntelleDoc accommodates all deposit products and ownership types and forms the base agreement between the financial institution and the customer. Terms, conditions, and institutional policies may be modified and are automatically incorporated into the Agreement.
Account Information
This IntelleDoc collects and documents the customer and product information for the account. Product ownership, acknowledgement of receipt of required disclosures, all ownership or agent signatures, and required compliance statements/affidavits are all incorporated into the Account Information. The IntelleDoc expands and contracts to accommodate the required information based on state law and institutional policies.
Certificate of Deposit
This IntelleDoc assembles as a Receipt or as a Certificate document and terms and conditions may be included or excluded based on preferences. It also accommodates variable, fixed, stepped, or tiered rate instruments. No check boxes are needed to document the customer's selection of payment options or frequency.
Contact CSi today at info@compliancesystems.com to learn how CSi IntelleDoc Solutions for Deposit can help your institution meet its business challenges.
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