The withdrawal process for the Self Investor is straightforward, as the Customer is responsible for managing their own investments and cash.
Withdrawal Steps:
The Client initiates a withdrawal request via the app.
InvestSuite moves the cash from the customer's sub-account at the broker to the bank's home account. InvestSuite is responsible for asynchronously managing the updates to all Transactions and Portfolio Holdings. Once this process is complete, InvestSuite sends a notification to the Customer.
The Core Banking System then transfers the cash to the customer's designated counter-account.
In summary, the withdrawal process for the Self Investor is designed to be simple and efficient, leveraging the InvestSuite platform to manage the movement of funds between the customer's sub-account, the bank's home account, and their personal counter-account, while keeping the Customer informed throughout the process.