Which step is NOT part of the closing activities that occur when a deposit is submitted?

The process of closing activities when a deposit is submitted typically involves several steps that ensure the deposit is processed accurately and efficiently. These steps include fee creation, document preparation, and boarding the deposit to the core system.

Fee creation refers to the establishment of any applicable charges related to the deposit transaction, which is crucial for financial accuracy. Document preparation involves the gathering and organizing of necessary paperwork to support the transaction, ensuring compliance and proper record-keeping. Boarding the deposit to the core system is the technical integration of the deposit into the bank's main system, which is essential for tracking and maintaining accurate financial records.

Customer feedback collection, however, falls outside of the immediate closing activities associated with a deposit submission. This process is more concerned with assessing customer satisfaction and gathering insights for service improvement, which typically occurs after the transaction is complete rather than during the actual closure of a deposit. Therefore, it is not a formal part of the closing activities for deposits.