Banking Setup

For PeopleSoft Global Payroll country extensions, banking setup starts in the core application and continues in PeopleSoft Global Payroll for United States. Oracle strongly recommends that before reading this topic, you read the banking feature in the PeopleSoft Global Payroll core documentation.

See PeopleSoft Global Payroll: Understanding Banking.

These steps summarize the banking setup in PeopleSoft Global Payroll for United States:

  1. Define bank information, such as bank name and ID.

    Note:

    In Global Payroll, bank information must be defined for all banks, including those that are to be used as source banks and those that are used by payees. Because you may need to set up a large volume of bank information, you can simplify the process by importing bank information from a Microsoft Excel spreadsheet into the bank setup tables with the use of the CI_BANK_EC component interface that PeopleSoft Global Payroll provides.

    See The CI_BANK_EC Component Interface.

  2. Define and assign district information for banks in the United States.

  3. Define funding such as the electronic funds transfer (EFT) formats and source bank account information.

  4. Define additional source bank information for the United States.

  5. Define a deposit schedule.

  6. Define recipients.

    A recipient can be general (for example, a government agency) or individual.

  7. Define a payee's bank account information and net pay distribution details.

    On the Maintain Bank Accounts page, you also define prenote information for U.S. payees.

Note:

Bank information setup and general source bank setup are discussed in the PeopleSoft HCM Application Fundamentals product documentation. All other aspects of banking setup, such as deposit schedules, recipients, and payee bank account information, are discussed in the Global Payroll core documentation, with the exception of bank district setup, additional U.S. source bank setup, and prenote information, which are discussed in this topic.

See Application Fundamentals: Understanding Bank and Bank Branch Setup.

See PeopleSoft Global Payroll: Understanding Banking.

See Understanding Source Bank Setup in the United States.

See Managing the Prenotification Process.