Skip to main content
Contact

Create Account Transfer (Australia)

Geography: This article is applicable for ANZ Transactive - Global customers banking in Australia.
Full details are available in Features by Geography.
About Account Transfer payments

What is an Account Transfer?

An Account Transfer allows you to transfer funds between two of your ANZ accounts registered to ANZ Transactive - Global. Account Transfers are available for same-border, same-currency, cross-border, cross-currency and same day near real-time processing up to 24 hours a day, seven days a week. Currency holidays are considered if FX is involved.

Payment Method Rules for Account Transfers

Who can create an Account Transfer?

  • Eligible users with Payment Management role permissions and account access can create and manage an Account Transfer payment based on your organisation's predetermined user permissions and payment settings. These role permissions can include:
    • Manage Payments - Ad hoc (Ad hoc & Approved Beneficiaries)
    • Manage Payments - Approved Beneficiary / Templates
For more information, please refer to Role Permissions and User Permissions.
Payment input screens

Account Transfer screen

The following image is an example of an Account Transfer screen with fields including the division, debit account, credit account, value date and cut-off time, payment reference, and debit & credit statement narratives.
  • Cut-off time (near the value date) indicates the payment method cut-off time, based on the originating jurisdiction and payment currencies
  • The time zone and format (near the value date) are displayed as per your Settings & Preferences
  • The ANZ Transactive - Global mobile app will display the cut-off time in the payment time zone.
Account Transfer screen v..01.png

Create an Account Transfer

There are multiple ways you can create an Account Transfer from the Payments menu. Choose from the following options:

  1. Click Create Payment > Account Transfer (see step-by-step instructions below)
  2. Click Create Payment > Use a Past Payment
  3. Click Current Payments > New > Account Transfer (see step-by-step instructions below)
STEP ACTION
1 Click Payments > Create Payment menu, or
Click Payments > Current 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.
4 Select the Debit Account
5 Select the Credit Account
6 Value Date will default with the current business date.
If required, choose a future value date up to 120 days for same currency and 60 days for cross border.
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 a Payment Reference up to 10 characters that will appear within the narrative on the debit account and payment reports
11 If required, enter a Debit Statement Narrative up to 30 characters that will appear as part of the narrative on the debit account statement
12 If required, enter a Credit Statement Narrative up to 30 characters that will appear as part of the narrative on the credit account statement
13 If required, choose your FX Details* option:
Dynamic
Obtain real-time foreign exchange rates for cross-currency payments. Once the payment is approved, it moves to a Needs Rate status. A user with appropriate user entitlements can then Get Rate to lock in the real-time dynamic rate.
Contract
  • To obtain a FX Contract, contact your local ANZ Markets dealer. Contracts will appear in ANZ Transactive – Global for selection after they have been booked.
  • To utilise a FX contract in a payment, the contract needs to have the same value date as the payment.
  • You can use up to nine Contracts unless you select Use Dynamic Rate for Remaining Amount. In this case, only eight Contracts can be added.
Choose a prebooked foreign exchange rate:
STEP ACTION
1 Select Contract from Rate Type
2 Click Add FX Contracts
3 Choose FX Contract ID(s) to apply to the payment instruction
4 Click OK
5 Enter Utilised Amount for the payment amount
6 If required, tick Use Dynamic Rate for Remaining Amount for the balance which is not covered by the pre-booked contract(s)
14 If require, enter Debit Advice Description
15 If required, enter Invoice Details up to 80 x 60 lines of data that will appear on the Payment Details Report
16 Do you wish to continue the payment at a later stage?
  • Yes - Click Save as Draft, then click OK, then click Close to exit out to the payment and return to the Current Payments screen. Payment will be in a Draft status.
  • No - Continue steps below
17 Click Review & Submit
18 Click Submit
RESULT: Payment has been submitted and pending approval.

*A non-transactable daily mid-rate (which does not include a margin) has been used to estimate the transaction value for the purpose of approval discretions and available funds checking. The actual exchange rate for the transaction will be displayed when a trade or contract is applied to the payment request.

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:

Mandatory fields error v.01.png

Foreign exchange field validations:

FX errors v.01.png

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:

  • Request Payment Summary Report - Download in CSV, PDF and XLSX
  • View this Payment in a Pending Approval status
  • Click OK to close the payment and return to the Current Payments screen

When the payment has been successfully submitted for approval(s), the next steps can be:

You may find these helpful

YouTube videos may not be available in some ANZ geographies.

Guides

Videos

Need more help?