Use this screen to assign IDs to the banks or financial institutions that are affiliated with your company; in addition, you may use this screen to enter the names of financial institutions that receive direct deposit payments for your employees. The bank ID is a nine-digit number usually found in the lower left-hand corner of a check or deposit slip. This ID may be referred to as a routing or transit number.
You must set up direct deposit bank IDs in this screen before you can use any other Direct Deposit bank screens.
You may not delete a record in this screen if it exists in the Maintain Employee Bank Info application. In this circumstance, an attempt to delete a record in this screen will trigger an error message indicating that the record may not be deleted. This validation ensures that a bank record may not be deleted from the Maintain Direct Deposit Banks screen when a pending record exists in the Maintain Empl Bank Info table.
Enter the nine-digit bank ID.
This number typically is found in the lower left-hand corner of a check or deposit slip. It is sometimes referred to as the routing and transit number.
Enter up to 25 characters to indicate the bank name that corresponds to the Bank ID.
Banks can be used for Accounts Payable EFT payments, payroll direct deposit payments, or both. Enter the appropriate usage code for this bank: "A" (Accounts Payable only), "P" (Payroll only), or "B" (Both Accounts Payable and Payroll).
Changes to this screen update the Direct Deposit Banks (PR_DIR_DEP_BANK) table.