This topic describes the processing of overdraft protection/sweep-in in Oracle Banking Retail Accounts.

Customers can prevent dishonored or rejected debit transactions due to insufficient funds in their Checking or Savings account through the use of Overdraft Protection/Sweep-in, a service offered by banks. When such an instance occurs, the customer pulls an amount from another linked savings/checking account(s) to cover the shortfall.

The linked account(s) is called the provider account and the account for which the funds are being pulled is called the beneficiary account.

Multiple sweep provider accounts can be set up for a beneficiary account with a priority assigned to them.