Each direct deposit bank event specifies the details of the bank account, to which funds will be sent. Current base logic assumes that the bank details are determined from the related overpayment process.
The Bank Details Determination algorithm on the Installation Record is used to retrieve the currently effective bank details that are used for the direct deposit. When called in ‘Read’ mode, this algorithm returns bank details such as Bank Account Number, Bank Routing Number, Account Name, Bank Account Type, etc.
The algorithm that is supplied with the base package assumes that the bank details are stored in Account — Auto Pay. For more information, go to Installation Options - Algorithms and scroll to the Bank Details Determination system event.
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