ZSuite Product Release Notes: May 31 2024

Ability to enter interest portion for a Beneficiary for Organizations. 

In some scenarios, Organizations want to be able to create a subaccount and add a portion of their rate they want to be paid to the Beneficiary. This is now available as a part of the subaccount creation process or can be added for existing subaccounts. 

The FI has negotiated a rate with the Organization. From there, the Organization wants to pay a portion of their earned interest to the Beneficiary. The beneficiary is effectively receiving a split of the Organizations interest.  

How to Enable this feature: The FI should email clientsupport@zsuitetech.com with the following information: 

• Which organizations would like to have this feature 
• How the organization/beneficiary split should be applied to the organization 
• Request “Allow Interest Split overrides” to be enabled 

Note: Any changes applied to interest rates or splits revert to the first date of the interest cycle. 

Learn more here    

Other Features

• The release also includes some minor bug fixes and enhancements.