Geography: This article is applicable for ANZ Transactive - Global customers banking in China.
Full details are available in Features by Geography.
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
- Value date will default with the current business date
- Future value date can be selected up to 120 days for same currency and 20 days for cross border
- Cut-off time for Account Transfers differs per processing type. Please refer to Cut-Off times for details.
- Payment currency includes all ANZ-supported and tradeable currencies
- Maximum payment value is 99,999,999,999.99
- Maximum number of payment instructions is 1
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.
Create an Account Transfer
There are multiple ways you can create an Account Transfer from the 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
- Click Current Payments > New > Account Transfer (see step-by-step instructions below)
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1 | Click Payments > Create Payment menu, or Click Payments > Current Payments menu > New |
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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. |
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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 20 days for cross border. |
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7 | Enter payment Amount. By default, the Payment Currency is the currency of the credit account. |
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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, Device Advice and payment reports | ||||||||||||||||||||||||||||||||||||||||||
11 | If required, enter a Credit Statement Narrative up to 30 characters that will appear as part of the narrative on the credit account statement | ||||||||||||||||||||||||||||||||||||||||||
12 | 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
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13 | If required, enter Invoice Details up to 80 x 60 lines of data that will appear on the Debit Advice and Payment Details Report | ||||||||||||||||||||||||||||||||||||||||||
14 | If required, tick Email Beneficiary Advice and enter an email address. Please refer to General Payments FAQs for a sample Beneficiary Advice. |
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15 | If required, click Attach Document to attach your supporting documentation:
Only one file can be selected and uploaded at a time. Click 'Upload Document' within the payment instruction for every file to be uploaded.
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16 | If required, enter Additional Information: If you complete the BOP form in ANZ Transactive - Global, you do not need to provide a hard copy of the form to the Bank.
If your beneficiary requires additional regulatory information, complete this section. Mandatory fields are marked with an asterisk.Balance of Payment Details
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17 | Do you wish to continue the payment at a later stage?
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18 | Click Review & Submit | ||||||||||||||||||||||||||||||||||||||||||
19 | Click Submit
RESULT: Payment has been submitted and pending approval.
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*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:
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:
- 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:
- Approve Payment for processing or,
- Reject Payment back to the initiator for editing or deleting