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PLEASE ENSURE TO CONTACT SUPPORT PRIOR TO MAKING ANY CHANCES TO ENSURE IT IS DONE CORRECTLY |
Within this section, you are able to update your EFT Parameters
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These settings are set for you during the implementation process and the only time these will need to be changed by you is if you happen to switch your banking to another bank.
There are 3 sections to these settings:
Your Company Details
Name - Your business name
ID - Usually provided to you by your bank
Pay Desc Description - which will be seen on your Member’s bank statement
Your Bank Details Name
Name - of your financial institution Abbreviation Standard industry abbreviation for your financial institution EG: Westpac = WBC
BSB - The BSB number for the bank account you choose to pay wages from
Account - The account number for the bank account you choose to pay wages from
Pay Reference Option - There are two options to choose from:
Fixed Pay Reference Text - This is a free text field and what is entered in here will be visible to your Member’s on their bank statement. It will also be repeated on your bank statement in the event of a returned pay
Member ID - Selection of this option means that individual Member ID numbers will be visible to your Member’s on their bank statement. This number will also be repeated on your bank statement in the event of a returned pay. We would recommend that you choose this option for easier identification of returned pays. NB: You will need to check with your financial institution if your business account supports this function
EFT File Details - The Include Self Balancing Transaction box needs to be selected ( ticked ).
If this is not ticked, your aba file may not upload correctly to your banking system
Just Click “Click here to change EFT Parameters Info”
Update your Field and Click Update
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