Bank Account (Beneficiary Product)

Bank Details

Name

Click the LIST button at the end of the line to flow to the JU1AR Bank List screen and select a bank.

This field is mandatory.

Branch Details

Branch

Bank Code

Click the LIST button at the end of the line to flow to the JU1AZ Bank Branch List screen and select a bank branch.

This field is mandatory.

Account Details

Account Type

Type of operating account, e.g. Current Account or Savings Account.

Select a value from the drop-down list.

This field is mandatory.

Account Number

Account number

Do not capture spaces between the numbers into the Bank account number field or capture the member account Name in the numerical field.

This field is mandatory.

Note:

The Account Type and Account number must be checked to be correct as allocated by the bank. This data is used in "downstream" processes making or receiving payments. Should it fail validation against the bank then the payment will NOT take place.

Roll Number

The Building Society Roll Number.

Note:

If the Account Type selected is BUILDING SOCIETY, then Roll Number will be enabled for capture.  This field will accept special characters.

This field has a sort code of 6 digits and an account number of 8 digits, and in addition a roll number of 15 characters, 5 digits followed by a forward slash and then 10 digits e.g. 0505/1111111111.  The forward slash can be captured anywhere in the number.

IBAN Number

International Bank Account Number.

Start Date

Effective date from which account can be used.

This field is mandatory.

End Date

Terminate the use of the account

Account Name: Initials

The initials of a person who is the account holder. 

Surname /Company

The surname of a person who is the account holder, or the name of the Company who is the account holder. 

This field is mandatory.

Bank Interface

The specific bank Interface mechanism used, e.g. ACB, Barclays Kenya, Barclays Zambia, Nedinform, CPS, CPY, FNB Online, LDC, BIB, etc.

Select a value from the drop-down list.

Mandate

Indicate whether a mandate will be used to collect funds. 

Only needed if BANK INTERFACE is NEDINFORM.

Line Number

Activated where a mandate is used to collect funds. This is a unique number that authorises the collection of funds from the account. 

Note:

In the case of regular payments to a foreign bank, e.g. annuity payments, this field will be used for the number used by the bank for the set up of the member’s banking details.  In the case of UK this is known as the Line Sheet Number.

Status

The status of the account holder validation, e.g. NOT VALIDATE, VALIDATED, REJECTED, USER VALIDATED, etc.

Select a value from the drop-down list.

When any of the fields on the bank account record are updated, the status field will be updated to NOT VALIDATED.

Only needed if BANK INTERFACE is LDC.

Note:

The account holder validation (AHV) via LDC only validates account numbers for ABSA, First National Bank (FNB) and Standard Bank (SBSA).  Where the account is held at any other bank, the status will be able to be updated to MANUAL VALIDATE and the user ID of the person who updated the status will be displayed.  The authorizer can take this into account when checking the status of the account.

Note:

If an existing Bank Account is selected under Bank Account (Name) above and the Status on the Bank Account is VALIDATED, the system will set the value for Status on the Bank Account to NOT VALIDATED.  The Bank Account will then be picked up in the Account Holder Validation batch job and re-validated in the same way as if a new bank account had been captured.

Registration Status

The FICA registration status of the bank account.

Select a value from the drop-down list.

SWIFT Bank ID Code

Society for Worldwide Interbank Financial Telecommunication Bank Identifier Code.

Note:

This field is 15 characters long and can be alphabetical or numerical.

Foreign Payment Cut-Off Time

The cut-off time for foreign currency payments.