Define Bank Identifier Codes
Explanation
This activity is used to define bank identifier codes.
A bank identifier code is a unique code that is used to identify a bank through
which a transfer payment is made or received.
Prerequisites
This activity has no prerequisites.
System Effects
As a result of this activity, bank identifier codes
will be available to be connected to
- bank addresses defined for payment methods that
use the payment formats SEPA and
SEPADD, and
- cash accounts.
Window
Bank Identifier Codes (BIC)
Related Window Descriptions
Bank Identifier Codes (BIC)
Procedure
The following procedure is used to define a bank
identifier code.
- Open the
Bank Identifier Codes (BIC)
window and create a new record.
- Enter an ID for the new bank identifier code in
the BIC/Swift Code field. The ID must comprise of eight or eleven
characters. The fifth and the sixth characters of the ID must be
alphanumeric and equivalent to the country code of the country to which the
bank identifier code applies. (e.g. If the bank identifier code is for a
Polish bank, the country code is PL. Hence the fifth character of the code
must be P and the sixth character must be L).
- Enter a description for the bank identifier code
in the Description field if necessary.
- Enter the city in which the bank is located in the
City field if necessary.
- Select the Blocked for Use check box if you
want to make the bank identifier code unavailable to be connected to a bank
address or a cash account.
- Save the information.