Create Book Wire Payment

Payment Information

The Payment Information section defines general payment details.

Debit Account

The account from which the payment is made

Debit Amount

Amount that will be deposited into the destination account

Value Date

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:

  • 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.

Frequency

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 payment options.
  • See also About Recurring Payments

Sender's Reference

Optional reference information for this payment

Reference for Beneficiary

Optional, additional information about the payment

Details of Payment

Optional, additional information about the payment

Ordering Customer

The Ordering Customer section includes details about the party ordering the wire payment. You can add a recipient to a payment by selecting an existing recipient from a list or by creating a new one. After selecting or creating a recipient, you are returned to the main page for the payment and the recipient details are displayed.

Note: The availability of this function depends on the company’s configuration.

Recipient Information

The Recipient Information section includes details about the recipient of the payment. You can add a recipient to a payment by selecting an existing recipient from a list or by creating a new one. After selecting or creating a recipient, you are returned to the main page for the payment and the recipient details are displayed.

Options

The Options section includes settings that affect how the payment will be processed and available to other users.