Geography: This article is applicable for ANZ Transactive - Global customers banking in Pacific Islands and Laos.
Full details are available in Features by Geography.
Full details are available in Features by Geography.
About Account Transfers (Asia & Pacific)
What is an Account Transfer payment?
An account transfer payment allows you transfer funds between two of your ANZ domiciled accounts held within the same organisation.For more information, please refer to Asia & Pacific Payment Types.
Payment Rules for an Account Transfer
- You can only transfer funds between two of your organisation's accounts within the same organisation and excludes any other parent or subsidiary within your organisation.
- Account Transfers are lodged automatically and cannot be cancelled.
- Foreign Currency: FX Carded rate will be subject to change on the value date of the payment. FX Contract rate will require a valid contract obtained from your local ANZ Markets dealer at time of payment.
Who can create an Account Transfer
- Eligible users with Initiator and account access can create and manage an account transfer based on your organisation's predetermined user permissions and payment settings. These role permissions can include:
- Initiator
- Initiate/Authorise
- Full Access
- Only users who are entitled to Confidential Payments will be able to view, edit and approve payments when the confidential indicator selected.
Payment input screens
Account Transfer screen
The following is an example of an Account Transfer screen with fields including the debit and credit account number, statement narrative, and supporting documents.Create an Account Transfer
There are multiple ways you can create an Account Transfer from the Asia & Pacific Payments menu. Choose from the following options:
- Click Create Payment > Account Transfer (see step-by-step instructions below)
- Click Create Payment > Use a Past Payment or Existing Payment
- Click Current Payments > New > Account Transfer (see step-by-step instructions below)
- Click Approve Payments > New > Account Transfer (see step-by-step instructions below)
| STEP | ACTION |
|---|---|
| 1 | Click Asia & Pacific Payments > Create Payment menu or Click Asia & Pacific Payments > Current Payments menu > New or Click Asia & Pacific Payments > Approve Payments menu > New. |
| 2 | Click Account Transfer. |
| 3 | If required, select the Division the account transfer will be made from. If you are entitled to more than one division, you can set a default division for future payments. The Bank/Branch field will prepopulate from the Division selected. |
| 4 | Select the Debit Account. |
| 5 | Select the Credit Account. |
| 6 |
Execution Date will prepopulate with today's date.
If required, click Later to choose a future date from the calendar. |
| 7 | Enter payment Amount. By default, the Payment Currency is the currency of the credit account. |
| 8 | If required, enter a Debit Currency & Amount if using multiple currencies. |
| 9 | If required, select Enter Amounts in Debit Currency if payment amount is in a different currency. |
| 10 | Enter the Statement Narrative up to 20 characters. |
| 11 | If required, select Confidential to restrict access to view, edit and approve the payment. |
| 12 | If required, enter FX Details.
Choose Rate Type from:
Currently, you can only add one rate per payment.
|
| 13 | If required, click Attach Document to add supporting documents.
|
| 14 | Click Review & Submit |
| 15 | Click Submit |
Errors and Alerts
Error and alert messages such as 'fields validations' display information about the impacted field(s) and highlights the field(s) in red. Error messages are specific to the payment method types, fields available and particulars validations. You can update the information within the impacted field(s) and continue processing the payment.
Mandatory field validations:
Foreign exchange field validations:
Next Steps
When the payment has been successfully submitted and is now in a Pending Approval status, you can choose from the following on-screen options:
- Review this Payment from the Payment Details screen
- View Approve Payments from the Approve Payments screen
- Create a New Payment
- Click OK to return to the Create Payment screen
When the payment has been successfully submitted for approval(s), the next steps can be:
- Approve Payment for processing or,
- Manage Payment for copying, editing, repairing or deleting