Banks

Pgm: BABANK – Banks; standard Treeview path: System > Global Tables > Banking > Banks

The Bank Maintenance screen is used to maintain the bank codes for all of the financial institutions with which your organization does business.

In the case of EFT (Electronic Funds Transfer) payments through the Accounts Payable or Payroll modules, you will need to specify the bank and routing codes for each bank to which you will be making an EFT deposit.

Code (Bank Code)

Enter the code that represents the bank being defined. 

Name, Short Name

Enter the name of the bank being defined. 

Routing Code

Enter the bank routing code for the bank being defined.  The routing code will be used by the Payroll and Accounts Payable modules to indicate the bank into which an EFT will be deposited.

File Format

This field is for Electronic Bank Reconciliation.  If this feature is going to be used, then select the required bank format from the LOV.

ID

Bank identification number.

Pwd

Bank password.

Positive Pay File Format

Bank Positive Pay file format for Accounts Payable and Payroll modules; for details, please refer to Positive Pay Register section in Accounts Payable reference guide.

Positive Pay Output File Name

Bank Positive Pay output file name for Accounts Payable and Payroll modules.

Grads Service Account Number

Grads Service account number (for RBC bank ACH format).

User Logon Text

User’s ACH logon text; specific logon information needs to be sent with your direct deposit file, enter that information in this field.  This requirement will be specified by the financial institution.

Zero Filled Account Num? – Checkbox

If using the secure ACH option, there is a requirement that zeros be appended the employee account when creating the direct deposit file.  Check this box if applicable.