1. Country-Specific Features
  2. Malaysia Help Topics
  3. Malaysia Payment Formats
  4. Setting Up Bank Records of Vendors in Malaysia

Setting Up Bank Records of Vendors in Malaysia

Set up the bank account records of each vendor to whom you will send electronic bank payments. You can set up multiple bank accounts for each vendor.

To set up vendor bank details in Malaysia:

  1. Go to Lists > Relationships > Vendors.

    For information on adding a vendor, see Creating a Vendor Record.

  2. Click the Edit link next to the name of the vendor with a Malaysia subsidiary.

  3. On the Bank Payment Details subtab, check the EFT Bill Payment box, and click Save.

  4. Click New Bank Details.

  5. Complete the fields on the Bank Details page. The fields displayed are dependent on the EFT format selected. Complete the fields that are only displayed on the Bank Details page and disregard those that are not displayed.

    Field

    Description

    Name

    Enter a unique name for this entity bank detail record.

    Payment File Format

    Select any of the following payment file formats to use when sending payments to the vendor:

    • Maybank Malaysia 2E-RC Domestic Transfer

    • Maybank Malaysia 2E-RC International Transfer

    • Citibank Malaysia XML Domestic Transfer

    • Citibank Malaysia XML International Transfer

    • Citibank Malaysia XML GIRO

    Note:

    To use international transfer payment formats, you must have an active license for advanced Electronic Bank Payments, and you must install the NetSuite SuiteApps License Client SuiteApp in your account.

    Type

    Select whether the bank account is the vendor's primary or secondary bank account.

    Account Number/Bank Account Number

    Enter the vendor’s bank account number.

    Account Name/Bank Account Name

    Enter the vendor's bank account name.

    Bank Number/Bank Code

    The 4-digit number that identifies the vendor's bank.

    Branch Number/Branch Code

    Enter the 3-digit number that identifies the bank branch where the vendor's account is maintained.

    Bank Name

    Enter the name of the vendor's bank.

    Payment Mode

    Select the payment mode:

    • IT - Maybank account

    • IG - Other Malaysia banks

    Purpose of Transfer

    Enter the purpose of transferring funds to the vendor.

    Resident Indicator

    Enter the vendor's resident indicator (Y or N) (for domestic and international transfer).

    Remitter and Beneficiary Relationship

    Select the vendor's relationship with the company:

    • 01 – Remitter is identical with beneficiary

    • 02 – Remitter is not identical with beneficiary

    Citizen Indicator

    Enter the vendor's citizen indicator (Y or N) (for international transfer).

    Other Codes

    (required for international transfer)

    Enter the vendor’s other code for their bank country (mandatory for the following countries):

    • Australia - AU

    • Canada - CC

    • China - CN

    • India - IFSC

    • United Kingdom - SC

    • United States - FW

    • Other Countries - blank

    Other Codes Values

    (required for international transfer)

    Enter the vendor’s other codes value:

    • Australia - Australian Bank State Branch (BSB) Code, 6 digits

    • Canada - Canadian Payments Association Payment Routing Number, 9 digits

    • China - CNAPS (For CNY transaction currency only), 1-34 digits

    • United Kingdom - UK Domestic Sort Code, 6 digits

    • India - Financial System Code, 11 digits

    • United States - Fedwire Routing Number, 9 digits

    • Other Countries - blank

    Bene Address 1, 2, 3

    Enter all addresses of the beneficiary

    Citizenship Country

    Select the vendor’s citizenship country.

    BIC or Swift Code

    Enter the vendor’s Bank Identifier Code (BIC) (8 or 11 characters), used to identify banks worldwide.

  6. Click Save.

You can also set up bank records of vendors, employees, customers and partners by importing bank details in CSV format into NetSuite using the Import Assistant. For more information, see Importing Electronic Bank Payments Data.

Related Topics

General Notices