Family B · Running products and operations
MeshFin Deposit
Deposits and transaction accounts
Transaction, savings and term deposit accounts kept in real time: every posting explained, interest and fees calculated from the product rules and shown in plain language, maturities and dormancy handled before they become problems.
MeshFin Deposit (MF-07), the service for deposits and transaction accounts, is one of the twenty-four MeshFin services, in the "Running products and operations" family, which follows the BIAN Operations and Execution business area. It covers the BIAN service domains Current Account, Savings Account, Term Deposit, Virtual Account, Standing Order, Position Keeping, Customer Position, Account Reconciliation and Customer Billing in whole or in part. Transaction, savings and term deposit accounts kept in real time: every posting explained, interest and fees calculated from the product rules and shown in plain language, maturities and dormancy handled before they become problems. It replaces core banking deposit module, interest and fee spreadsheets, term deposit maturity letters and dormancy and unclaimed money by hand. AI agents carry the work end to end; a named person takes every decision with legal or financial effect on a customer, the balance sheet or a regulatory obligation. It is core for a universal and retail bank, core for a mutual and community bank, occasional for a non-bank lender and fintech.
BIAN service domains this service covers
In the BIAN Operations and Execution business area of the Service Landscape 14.0, in whole or in part. Lay this over your own BIAN map to see what MeshFin Deposit covers and what stays. BIAN has not reviewed or endorsed MeshFin.
- Current Account
- Savings Account
- Term Deposit
- Virtual Account
- Standing Order
- Position Keeping
- Customer Position
- Account Reconciliation
- Customer Billing
What it replaces
- Core banking deposit module
- Interest and fee spreadsheets
- Term deposit maturity letters
- Dormancy and unclaimed money by hand
What it reacts to
- Account opened by Onboard
- Transaction posted
- Interest or fee falls due
- Maturity approaching
- Dormancy period reached
- Garnishee or court order received
The agents that carry it
Posting agent
Posts every transaction as it happens and keeps the ledger position and the available balance consistent, deterministically.
Interest and fees agent
Calculates interest and fees from the product rules and explains each line on the statement in plain language.
Maturity agent
Notifies before maturity, offers the renewal options the customer is eligible for and executes the instruction given.
Dormancy agent
Finds inactive accounts, runs the contact process and prepares the unclaimed money transfer for approval.
Where a person decides
No decision with legal or financial effect on a customer, the balance sheet or a regulatory obligation is taken by an agent alone. In MeshFin Deposit, these decisions are held for a named person, with the agent's evidence and recommendation attached.
| Decision | Who decides | Why a person |
|---|---|---|
| Response to a garnishee or court order | Delegated officer | Legal effect |
| Transfer of unclaimed money to the authority | Delegated officer | Irreversible |
| Fee waiver outside policy | Team leader | Commits the institution |
Records it writes
Ledger posting with explanation · Interest and fee calculation · Maturity instruction · Dormancy file
Before MeshFin: the baseline this service is measured against
Illustrative figures for a mid-sized institution on the systems the service replaces. Sample data, not a customer's. A live service reports what its agents are doing instead.
Accounts
1.1M
transaction, savings and term
Fee and interest queries
19%
of all contact today
Maturities rolled by default
61%
today, with no option shown
Dormant accounts actioned
annually
in a batch
Institutions: core for a universal and retail bank, core for a mutual and community bank, occasional for a non-bank lender and fintech. Universal and retail bank ● · Mutual and community bank ● · Non-bank lender and fintech ○.
Questions banks ask about MeshFin Deposit
- What does MeshFin Deposit do?
- MeshFin Deposit is the MeshFin service for deposits and transaction accounts. Transaction, savings and term deposit accounts kept in real time: every posting explained, interest and fees calculated from the product rules and shown in plain language, maturities and dormancy handled before they become problems. It reacts to events such as account opened by onboard, transaction posted and interest or fee falls due, and writes ledger posting with explanation, interest and fee calculation, maturity instruction and dormancy file as records.
- Which BIAN service domains does MeshFin Deposit cover?
- Current Account, Savings Account, Term Deposit, Virtual Account, Standing Order, Position Keeping, Customer Position, Account Reconciliation and Customer Billing, in the BIAN Operations and Execution business area, in whole or in part. The mapping is to the published BIAN Service Landscape; BIAN has not reviewed or endorsed MeshFin.
- What systems does MeshFin Deposit replace?
- Core banking deposit module, Interest and fee spreadsheets, Term deposit maturity letters and Dormancy and unclaimed money by hand. Because the service runs on the MeshFin platform, the licence, integration and upgrade costs of those systems retire with them.
- What do the AI agents do in deposits and transaction accounts?
- The posting agent posts every transaction as it happens and keeps the ledger position and the available balance consistent, deterministically. The interest and fees agent calculates interest and fees from the product rules and explains each line on the statement in plain language. The maturity agent notifies before maturity, offers the renewal options the customer is eligible for and executes the instruction given. The dormancy agent finds inactive accounts, runs the contact process and prepares the unclaimed money transfer for approval.
- Which decisions does a person still take?
- Agents never take a decision with legal or financial effect on a customer, the balance sheet or a regulatory obligation. In MeshFin Deposit, a person decides response to a garnishee or court order (delegated officer), transfer of unclaimed money to the authority (delegated officer) and fee waiver outside policy (team leader). The record shows who decided, why, on what evidence and under which delegation.