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DEFINE BANK LOCATIONS#

Note: As of version 5.05.00, this form can only be updated in the system by a MASTER user.

Bank Locations are all of the banking institutions that the organization deals with directly or indirectly.

The Define Bank Locations (IPBL) form provides information about the financial institution branches where the organization’s banking is transacted and where the employee’s pay will be deposited.

The information entered in this form will be used to set up the employer’s banking information in the Bank Accounts (IPBA) form and the employee’s banking information in the Payment Method (IPPM) form.

Bank Location data is stored in the P2K_PR_BANK_LOCATIONS table.

Bank Name

This field holds the recognizable name or short form of the name of the bank. Users may want to include part of an address (e.g. city or street name) to distinguish the different branches.

Bank Transit

This field stores the banking transit number which uniquely identifies the branch within the banking system.

For Canadian Installations: The transit # is the format of ddddddddd where the first 4 digits identify the bank transit, while the last 5 digits identify the branch transit.

ABA Number

For U.S. Installations: Also known as the Bank Fraction number.

Country

This field displays the bank’s country of origin.

EFT Accepted

If this toggle is set to ON, the system will acknowledge that the bank accepts Electronic Fund Transfers (direct deposits) and transactions attached to this bank will be included in the deposit interface file. If this toggle is set to OFF, any transactions attached to this bank will not be on the deposit interface file.

Contact

The name, phone number and fax number of the bank contact can be entered in this field, for information purposes.

Phone

This field holds the main phone number where the contact can be reached.

Ext

If applicable, users can record the phone extension of the contact.

Fax Number

This is the fax number for the contact.

Address 1

This field displays the street address of the bank location.

Address 2

This field holds the PO Box #, or Suite # of the bank location.

Locality

‘Locality’ refers to the city, district or township of the bank location.

State/Prov

This field holds the state or province code’s standard abbreviation for the bank location.

Zip/Postal

U.S.A.: Zip code. Canada: Postal code.

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