CASA Product

CASA is an abreviation for Current and Savings Account. CASA Product page allows you to manage and configure Current Account Savings Account (CASA) products, including a range of savings and checking accounts. This page offers options for creating, modifying and managing these products while accurately setting all necessary fees, interest rates, and account details. CASA products can be customized to meet the financial needs of various customer segments.

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Accessing The CASA Product Page

  1. Log into the application using your credentials.

  2. From the dashboard, navigate to Accounts in the side menu.

  3. Select Products from the dropdown list.

  4. Select CASA Product from the Products dropdown list.

Create A CASA Product

To create a new Savings Account or Current Account product:

  1. Click the Add button at the page's top left.

  2. Fill in the following required Savings/Current Account Product Information:

    • Current/Savings Account Information

      • Name of Product - Enter the name of the product (Mandatory)

      • Product Code - Enter a 3 digit unique numeric code to represent the product (Mandatory)

      • Product Category - Select the most appropriate product category from the dropdown list of categories (Mandatory)

      • Account Number Starting Prefix - This avails you the option to predetermine the first digit of the account number series for this product (Optional)

      • Currency - Select the currency for the product (Mandatory)

    • CAM/Fee

      • Apply Fee - Choose whether to apply Current Account Maintenance (CAM) Fee or not

      • Fee - Where the option to apply fee above is "Yes", then select the configured fee. If you have an empty dropdown, kindly refer to Fees on how to create fees.

    • Credit Interest

      • Apply Credit Interest - Choose whether to apply credit interest or not

      • Credit Interest - Where the option to apply credit interest above is "Yes", then select the configured interest. If you have an empty dropdown, kindly refer to Interest on how to create interests.

      • Minimum Product Balance - Enter the minimum expected retained deposit balance for all the accounts on this product.

      • Maximum Product Balance - Enter the maximum cummulative retained deposit balance for all the accounts on this product

      • No of Days to Dormancy - Enter the number of days it will take before an account transitions into dormancy status.

      • No of Days to Inactive - Enter the number of days it will take before an account transitions into inactivite status.

    • Reporting Account Select the configured general ledgers for each reporting lines. Where any of the reporting line is empty or you can not find your desired general ledger from the dropdown list, kindly run through the checks below to asecertain the step you may have missed.

      Here are the properties for creating an Overdraft Account. Step 1 - GL Creation

      • GL Name: ABC Overdraft Account

      • Level 1 Category: Asset

      • Level 2 Category: Loans Advances & Leases

      • Level 3 Category: Overdraft

      • IFRS Category: Loans and Advances to Customers

      • Transaction Permission: Open

      • Currency: Select your currency

      Step 2 - Other Business Automation set-up

      • Account Type: Overdraft

      • Account: Select the ABC Overdraft Account

      Here are the properties for creating an Interest Payable Account. Step 1 - GL Creation

      • GL Name: ABC Interest Payable Account

      • Level 1 Category: Liability

      • Level 2 Category: Other Liabilities

      • Level 3 Category: Interest Accrued Not Yet Due For Payment

      • IFRS Category: Payable

      • Transaction Permission: Open

      • Currency: Select your currency

      Step 2 - Other Business Automation set-up

      • Account Type: Interest Payable

      • Account: Select the ABC Interest Payable Account

      Here are the properties for creating an Interest Expense GL. Step 1 - GL Creation

      • GL Name: ABC Interest Expense Account

      • Level 1 Category: Expense

      • Level 2 Category: Interest Expense

      • Level 3 Category: Interest Expense

      • IFRS Category: Interest and Similar Expense

      • Transaction Permission: Open

      • Currency: Select your currency

      Step 2 - Other Business Automation set-up

      • Account Type: Interest Expense

      • Account: Select the ABC Interest Expense Account

      Here are the properties for creating a Due and Unpaid Overdraft Interest Account. Step 1 - GL Creation

      • GL Name: ABC Due and Unpaid Overdraft Interest Account

      • Level 1 Category: Asset

      • Level 2 Category: Loans, Adavnces and Leases

      • Level 3 Category: Interest Due and Unpaid

      • IFRS Category: Loans and Advances To Customers

      • Transaction Permission: Open

      • Currency: Select your currency

      Step 2 - Other Business Automation set-up

      • Account Type: Due and Unpaid Interest

      • Account: Select the ABC Due and Unpaid Overdraft Interest Account

      Here are the properties for creating an Overdraft Interest Recievable Account. Step 1 - GL Creation

      • GL Name: ABC Overdraft Interest Receivable Account

      • Level 1 Category: Asset

      • Level 2 Category: Other Assets

      • Level 3 Category: Accrued Interest Receivable

      • IFRS Category: Other Assets

      • Transaction Permission: Open

      • Currency: Select your currency

      Step 2 - Other Business Automation set-up

      • Account Type: Interest Receivable

      • Account: Select the ABC Overdraft Interest Receivable Account

      Here are the properties for creating an Overdraft Interest In Suspense Account. Step 1 - GL Creation

      • GL Name: ABC Overdraft Interest In SuspenseAccount

      • Level 1 Category: Liability

      • Level 2 Category: Other Liabilities

      • Level 3 Category: Interest In Suspense

      • IFRS Category: Other Liabilities

      • Transaction Permission: Open

      • Currency: Select your currency

      Step 2 - Other Business Automation set-up

      • Account Type: Interest In Suspense

      • Account: Select the ABC Overdraft Interest In Suspense Account

      Here are the properties for creating an Overdraft Fee Income Account. Step 1 - GL Creation

      • GL Name: ABC Overdraft Fee Income Account

      • Level 1 Category: Income

      • Level 2 Category: Fees and Commission

      • Level 3 Category: Fees and Charges

      • IFRS Category: Fees and Commision Income

      • Transaction Permission: Open

      • Currency: Select your currency

      Step 2 - Other Business Automation set-up

      • Account Type: NA

      • Account: NA

      Here are the properties for creating an Overdraft Interest Income Account. Step 1 - GL Creation

      • GL Name: ABC Overdraft Interest Income Account

      • Level 1 Category: Income

      • Level 2 Category: Interest Income

      • Level 3 Category: Interest on Loans and Advances

      • IFRS Category: Interest and Similar Income

      • Transaction Permission: Open

      • Currency: Select your currency

      Step 2 - Other Business Automation set-up

      • Account Type: NA

      • Account: NA

      Here are the properties for creating a VAT Account. Step 1 - GL Creation

      • GL Name: Value Added Tax Account

      • Level 1 Category: Liability

      • Level 2 Category: Other Liabilities

      • Level 3 Category: Account Payable

      • IFRS Category: Payable

      • Transaction Permission: Open

      • Currency: Select your currency

      Step 2 - Other Business Automation set-up

      • Account Type: Value Added Tax

      • Account: Select the Value Added Tax Account

      Here are the properties for creating a With-Holding Tax (WHT) Account. Step 1 - GL Creation

      • GL Name: WIth-Holding Tax Account

      • Level 1 Category: Liability

      • Level 2 Category: Other Liabilities

      • Level 3 Category: Account Payable

      • IFRS Category: Payable

      • Transaction Permission: Open

      • Currency: Select your currency

      Step 2 - Other Business Automation set-up

      • Account Type: Withholding Tax Axxount

      • Account: Select the Withholding Tax Account

    • Fees Select the configured general ledgers for each reporting lines. Where any of the reporting line is empty or you can not find your desired general ledger from the dropdown list, kindly run through the checks below to asecertain the step you may have missed.

      Here are the properties for creating a CAM Fee Income Account Step 1 - GL Creation

      • GL Name: ABC CAM Fee Income Account

      • Level 1 Category: Income

      • Level 2 Category: Fees and Commission

      • Level 3 Category: Fees and Charge

      • IFRS Category: Fees and Commission Income

      • Transaction Permission: Open

      • Currency: Select your currency

      Step 2 - Other Business Automation set-up

      • Account Type: NA

      • Account: Select the NA

      Here are the properties for creating a CAM Due and Unpaid Fees Account Step 1 - GL Creation

      • GL Name: ABC CAM Due and Unpaid Fees Account

      • Level 1 Category: Asset

      • Level 2 Category: Other Asset

      • Level 3 Category: Miscellanous Other Asset

      • IFRS Category: Other Assets

      • Transaction Permission: Open

      • Currency: Select your currency

      Step 2 - Other Business Automation set-up

      • Account Type: Due and Unpaid Fee

      • Account: Select the CAM Due and Unpaid Fees Account

      Here are the properties for creating a CAM Suspended Fee Account Step 1 - GL Creation

      • GL Name: ABC CAM Suspended Fees Account

      • Level 1 Category: Liability

      • Level 2 Category: Other Liabilities

      • Level 3 Category: Unearned Income

      • IFRS Category: Other Liabilities

      • Transaction Permission: Open

      • Currency: Select your currency

      Step 2 - Other Business Automation set-up

      • Account Type: Fees In Suspense

      • Account: Select the ABC CAM Suspended Fees Account

      Here are the properties for creating an Account Opening Fee Income Account Step 1 - GL Creation

      • GL Name: ABC Account Opening Fee Income Account

      • Level 1 Category: Income

      • Level 2 Category: Fees and Commission

      • Level 3 Category: Fees and Charges

      • IFRS Category: Fees an Commission Income

      • Transaction Permission: Open

      • Currency: Select your currency

      Step 2 - Other Business Automation set-up

      • Account Type: NA

      • Account: Select the NA

    • Account Maintenance

      Here are the properties for creating an Account Maintenance Fee Income Account Step 1 - GL Creation

      • GL Name: ABC Account Maintenance Fee Income Account

      • Level 1 Category: Income

      • Level 2 Category: Fees and Commission

      • Level 3 Category: Fees and Charges

      • IFRS Category: Fees an Commission Income

      • Transaction Permission: Open

      • Currency: Select your currency

      Step 2 - Other Business Automation set-up

      • Account Type: NA

      • Account: Select the NA

      Here are the properties for creating a Due & Unpaid Account Maintenance Fee Account Step 1 - GL Creation

      • GL Name: ABC Due and Unpaid Account Maintenance Fee Account

      • Level 1 Category: Asset

      • Level 2 Category: Other Assets

      • Level 3 Category: Miscellanous Other Assets

      • IFRS Category: Other Assets

      • Transaction Permission: Open

      • Currency: Select your currency

      Step 2 - Other Business Automation set-up

      • Account Type: Due and Unpaid Fee

      • Account: Select the ABC Due and Unpaid Account Maintenance Fee Account

      Here are the properties for creating a Suspended Account Maintenance Fee Account Step 1 - GL Creation

      • GL Name: ABC Suspended Account Maintenance Fee Account

      • Level 1 Category: Liability

      • Level 2 Category: Other Liabilities

      • Level 3 Category: Unearned Income

      • IFRS Category: Other Liabilities

      • Transaction Permission: Open

      • Currency: Select your currency

      Step 2 - Other Business Automation set-up

      • Account Type: Fees In Suspense

      • Account: Select the ABC Suspended Account Maintenance Fee Account

    • SMS Notification

      Here are the properties for creating a SMS Fee Income Account Step 1 - GL Creation

      • GL Name: ABC SMS Fee Income Account

      • Level 1 Category: Income

      • Level 2 Category: Fees and Commission

      • Level 3 Category: Fees and Charges

      • IFRS Category: Fees an Commission Income

      • Transaction Permission: Open

      • Currency: Select your currency

      Step 2 - Other Business Automation set-up

      • Account Type: NA

      • Account: Select the NA

  3. Click the Save button to apply.

  4. Confirm the action by clicking the “Yes, I want to proceed” button.

Modify A CASA Product

Here's how to modify a CASA below:

  1. In the Actions column, click the three vertical dots (⋮).

  2. Select Modify from the dropdown menu.

  3. Update the necessary CASA Product details.

  4. Click Update to save and apply the changes.

  5. Confirm the action by selecting “Yes, I want to proceed.”

Activate/Deactivate A CASA Product:

To activate/deactivate an existing CASA Product:

  1. In the Actions column, click the three vertical dots (⋮) next to the CASA Product you wish to deactivate/activate.

  2. Select Deactivate/Activate from the dropdown menu.

  3. Confirm the action by selecting “Yes, I want to proceed.”

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