Account Types
Standardized account type codes used in the rs_account_type field.
Overview
RiskScout normalizes your institution's account type codes to these standard categories. This enables consistent risk assessment across deposit and loan products.
Your original account type code is preserved in account_type, while rs_account_type contains the mapped standard value.
Code Values
| Code | Description |
|---|---|
Checking | Demand deposit account for daily transactional use, offering check-writing and electronic access |
Savings | Interest-bearing deposit account designed to encourage longer-term fund retention |
Time Deposit | Fixed-term deposit account (CD) with predetermined maturity and higher yield, subject to early withdrawal penalties |
Term Loan | Loan with a fixed repayment schedule, typically used for specific personal or business purchases |
Revolving Loan | Credit line for business use, allowing flexible borrowing and repayment up to a set limit |
General Purpose Loan | If all loan account types are rolled up under a single category |
Other | Non-standard accounts such as escrow, trust, or brokerage-linked products |
Ignored | Accounts flagged as ignored and excluded from downstream processing |
Account Subtypes
The rs_account_subtype field further classifies accounts:
| Code | Description |
|---|---|
Consumer | Personal/individual accounts |
Business | Commercial/business accounts |
Usage Example
account_number,account_type,account_type_description,rs_account_type,rs_account_subtype
1001234,CHK,PERSONAL CHECKING,Checking,Consumer
1005678,SAV,BUSINESS SAVINGS,Savings,Business
2001234,LOC,BUSINESS LINE OF CREDIT,Revolving Loan,Business
Mapping Guidance
Deposit Products
| Your Product | Map To |
|---|---|
| Checking, DDA, Share Draft | Checking |
| Savings, Money Market, Share | Savings |
| CD, Certificate, Time Deposit | Time Deposit |
| IRA, HSA, Special Purpose | Other |
Loan Products
| Your Product | Map To |
|---|---|
| Auto Loan, Personal Loan, Mortgage | Term Loan |
| HELOC, Business LOC, Credit Card | Revolving Loan |
| Mixed/Unknown Loan Types | General Purpose Loan |
Risk Considerations
Different account types have different risk profiles:
- Checking - Higher transaction volume, diverse payment types
- Savings - Lower activity, watch for unusual patterns
- Time Deposit - Limited transactions, early withdrawal may be suspicious
- Revolving Loan - Credit usage patterns, rapid paydown/drawdown cycles