SaFi Bank Space : 🟢 No overdraft allowed for Scheduled transactions

Key	parent	P	fe story points	be story points	story points	Status
SM-6802	Automated Scheduling one-time & recurring (MVP)		0.0			In Progress

Role: SaFi bank

Objective:

We do not want to allow the execution of automated future transactions if there are insufficient funds on the bank account balance

Reason:

So that the user will not be able to get an overdraft for scheduled transactions.

Functional requirements: https://safibank.atlassian.net/l/cp/q2AUCGYh

UI requirements: -

Process flow: https://safibank.atlassian.net/l/cp/q2AUCGYh

Execution steps: https://safibank.atlassian.net/l/cp/q2AUCGYh

Internal dependencies:

• Restrictions are delivered by the Accounts squad

External dependencies: -

Alternative scenarios:-

Acceptance criteria:

• at the moment of execution of a single scheduled transaction, we need to check if there are sufficient funds on the bank account balance (bank account balance > = scheduled transaction amount with fees)

  • if the account balance IS sufficient, we will execute the transaction

  • if the account balance IS NOT sufficient, the scheduled transaction will be rejected with the status Failed and no overdraft will be allowed

Links to wireframes/UI: n/a