Banks Window Reference (Oracle Payables Help)


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Banks Window Reference

Bank region

Name. The name of the bank.

Alternate Name. You can enter an alternate name for your bank if you enable the AP: Enter Alternate Fields profile option. If you do not enable this option, the Alternate Name field will not appear.

Number. Identification number of the bank. The system uses this information to identify the bank in payment formats that use electronic payment methods. The combination of Bank Number and Branch Number must be unique.

Bank Branch Region

Name. The name of the bank branch.

Alternate Name. You can enter an alternate name for your bank branch if you enable the AP: Enter Alternate Fields profile option. If you do not enable this option, the Alternate Name field will not appear.

Number. The number of the bank branch. Payables uses this information to identify the bank branch in payment formats using electronic payment methods, in creating positive pay files, and when laser printing the MICR line on checks. If you are using positive pay to notify this bank of payments, you must accurately enter the American Bank Association 9 digit transit routing code in this field if this is a U.S. based bank. The combination of Branch Number and Bank Account Number must be unique within a bank.

Type. The banking organization to which this branch belongs. You must enter a value in this field if you will use this bank for payments with Oracle EDI Gateway.

Remaining Bank Branch Information

Institution. Enter either Bank or Clearing House to indicate what type of bank branch you are defining.

Bank. Bank in which you have a disbursement and/or receipt account. Or bank in which your customer has a disbursement account, or your supplier has a receipt account.

Clearing House. Bank that processes a magnetic tape of your receipt information which you send to it. The clearing institution then creates tapes of your customer receipt information which it forwards to each of your remittance banks.

Description. A description (up to 240 characters) of the bank or bank branch.

Inactive After. If you enter an Inactive After date, during transaction entry, after this date the bank's accounts will no longer appear on any lists of values in Payables, and you will not be able to enter the bank accounts when you enter transactions.

EDI ID Number. This field is used only by Oracle Energy, if you have installed it. If you have not installed Oracle Energy, leave this field blank.

EDI Location. The Electronic Data Interchange (EDI) location code for this bank. For more information, see: Oracle EDI Gateway User's Guide.

EFT Number. Your company's EFT (electronic funds transfer) user number. This number is used to identify your company on any EFT transmissions with the bank.

Contact Region of Banks Window

Enter information for person you use as a contact at the bank branch. You can enter additional contacts in the Account Contacts region of the Bank Accounts window.

Prefix. The prefix (Mr., Ms., etc.) of the contact.

Clearing House Region of the Banks Window

Clearing House. The name of the clearing house institution that you want to assign to this remittance bank branch. Clearing houses process a magnetic tape of your receipt information which you send to them. These clearing institutions then create tapes of your customer receipt information which they forward to each related remittance banks.

Branch. Enter the branch of the clearing house institution that you want to assign to this remittance bank branch. Oracle Receivables requires that you define your bank branches that have an Institution Type of Clearing House before you define your bank branches with an Institution Type of Bank. You can assign clearing houses to your bank branches.

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