Create Advice to Receive Payment
The Create Advice to Receive Payment page lets you create an advice to receive payment.
Payment Information
- Debit Account
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The account from which the payment is made
- Debit Amount
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Amount that will be deposited into the destination account
- Value Date
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The date on which a wire transaction is settled by payment and delivery.
The value date can be entered by either of the following methods:
- Manually enter the value date by typing it or selecting it using the calendar.
- Automatically calculate the next available date by clicking Get Value Date. The system determines the date the beneficiary account will be credited.
Also, note the following:
- The system checks that the date is a business day for the bank. If scheduled for today, the system verifies that the cutoff time has not passed.
- Future-dating restrictions – The financial institution may restrict the number of days into the future that a payment can be scheduled.
- Minimum lead time:
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Transactions must be scheduled either one or two days before the effective date, depending on whether the payment is a credit, debit, or mixed batch.
Payments may require one or more approvals and thus need additional time for processing.
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- Frequency
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How often the payment should be made
- If a single, non-recurring payment, select One Time Only.
- If a recurring payment, select
Recurring, and make a selection for each of these options:
- Recurring Schedule - Select a payment schedule from the list.
- Weekend/Holiday Schedule - For weekend or holiday payments, select either previous day or next processing.
- Number of Payments - Select one of the number of payment options.
- See also About Recurring Payments.
- Sender's Reference
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Optional reference information for this payment
- Related Reference
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Optional, additional information about the payment
Ordering Customer Information
This section defines the details for the ultimate originator for the wire payment. You can provide this information in either of the following ways:
- Enter ordering customer – This option defines the ordering customer using an individual person's name and address.
- Enter ordering bank – This option defines the ordering customer as a bank.
Options
The options in the Settings section affect how the payment will be processed and made available.
Field / Option | Description |
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Routing Instructions | The section can be used to identify the following optional information:
Selecting a check box adds the corresponding information. When additional fields appear, enter the information, as needed. |
Workflow | The section includes the following options:
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