Understanding Bank Accounts

The following validation occurs when adding bank accounts for New Zealand:

• Bank IDs must be 2 numeric characters and the bank must be on the bank table.

• Branch codes must be 4 numeric characters.

  They are not validated against the bank branch table. If you require validation, modify the PeopleCode BANKACCT_SBR.COUNTRY_CD Field Formula.

• Source bank and recipient account numbers will be validated for the format 99999999 9999 where the first 8 digits are the account number and the last 4 digits are the suffix.

  You must enter a space, comma, or semicolon between the account number and the suffix (comma and semicolon become spaces). For shorter account numbers or suffixes, the system adds leading zeros.

• Payee account numbers are validated as for source bank and recipient accounts but can also have a twelve character reference number.

  A space, comma, or semicolon separator becomes a comma.

  Note: As an alternative to the reference number, you can uniquely identify a payee by the membership number you add to the Add Deduction Recipients NZL page. Payee account numbers and their associated reference numbers, or the payee's membership number, are included in the EFT file only if you have selected the Detailed EFT check box on the Deduction Recipients NZL page for a particular recipient.