When a group deposit is collected, it can be distributed to individual member savings accounts.

Prerequisites

• A group deposit has been successfully collected
• Group members have active individual savings accounts
• Log in to Symba Microbanking with a user account that is authorized to distribute group deposits

Steps

• Navigate to the group's profile page
• Click on the "Savings" tab
• Click on the group savings account that received the deposit
• Click on the "Transactions" tab
• Locate the deposit transaction to distribute
• Click the "Distribute" button next to the transaction
• Review the distribution summary showing:
  • Total deposit amount
  • Individual member allocations
  • Each member's savings account
• Adjust individual amounts if needed (must total to the deposit amount)
• Click "Submit" to execute the distribution

The deposit amount is transferred from the group savings account to individual member savings accounts. If the group savings account has the "Apply Withdrawal Fee for Transfers" setting enabled, any configured withdrawal fees will be charged as an additional debit from the group savings account.

Related Topics

• Groups
• Savings accounts
• Deposits