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Create Term Deposit Payment (Taiwan)

Geography: This article is applicable for ANZ Transactive - Global customers banking in Taiwan.
Full details are available in Features by Geography.
About Term Deposit Payments

What is a Term Deposit payment?

A Term Deposit payment allows you to transfer funds from your Taiwan domiciled account registered to ANZ Transactive - Global, to a predefined 'ANZ Term Deposit' beneficiary bank account within Taiwan.
For more information, please refer to Asia & Pacific Payment Types.

Payment method rules for Term Deposit payments

  • Beneficiary name should be selected as ANZ Term Deposit.
  • Remittance Information: Mandatory details are required in a specific format. Refer step instructions.
  • Non-Term Deposit beneficiaries can also be added to this payment.
  • Transaction reference for Term Deposits will appear in payment reports and payment grids with a BKT (Book Transfer) prefix.
  • Value date will default with the current or next business date if the payment is created on a non-business date. If today's payment misses the cut-off time, your account will not be debited as the payment will be processed on the next business day.
  • Non-business day - ANZ Transactive – Global will not allow you to create a payment where the Value Date is a non-business day (e.g., weekend, public holiday, bank holiday) or a currency holiday
  • Future value date can be selected up to 90 days.
  • Cut-off time for Term Deposit is 16:00
  • Payment currency includes AUD, CNH, EUR, JPY, TWD, USD
  • Maximum payment value is $99,999,999,999

Who can create a Term Deposit payment?

  • Eligible users with Initiator and account access can create and manage a Book Transfer payment based on your organisation's predetermined user permissions and payment settings. These role permissions can include:
    • Initiator
    • Initiate/Authorise
    • Full Access
Payment input screens
Domestic Payment screen
The following image is an example of a domestic payment screen with fields including the division, debit account, payment method, execution date, and beneficiary details.
Create Term Deposit (BKT) screen v.01.png
Beneficiary Payment Details screen
The following image is an example of a Beneficiary Payment Details screen with fields including the beneficiary's name, address and account details, beneficiary bank details, payment reference, remittance information and invoice details.
Term Deposit (BKT) Beneficiary Payment Details screen v.01.png

Create a Term Deposit Payment

There are multiple ways you can create a Term Deposit using the Book Transfer payment method from the Asia & Pacific Payments menu. Choose from the following options:

  1. Click Create Payment > Domestic Payment (see step-by-step instructions below)
  2. Click Create Payment > Use Payment Template
  3. Click Create Payment > Use Payment File using Asia & Pacific File Format Guides
  4. Click Create Payment > Use Existing Payment
  5. Click Approve Payments > New > Domestic Payment (see step-by-step instructions below)
  6. Click Current Payments > New > Domestic Payment (see step-by-step instructions below)

To create a Term Deposit payment and manually enter the payment instructions, follow the steps 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 Domestic Payment.
3 If required, select the Division the payment 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 Book Transfer Payment Method to create a Term Deposit payment.
The Ordering Party Name and Alternative Ordering Party Name will prepopulate based on the debit account selected.
6 Execution Date defaults with the current business date.
If required, click Later to choose a future value date.
7 If required, select the Payment Currency.
Refer to Processing & cut-off times for list of available payment currencies.
The net Payment Amount will be populated when the Beneficiary amount(s) are entered.
8 If required, select the Individual Debits indicator to generate a separate debit entry on your account for each individual beneficiary payment instruction.
9
To reduce the risk of fraud, ANZ recommends you always confirm beneficiary details when processing a payment.

Click Add to add one or more beneficiary details.

Search and select the predefined ANZ Term Deposit beneficiary from the Beneficiary Name field, then proceed to next steps. If required, click Add again to add additional beneficiaries.
10 If required, enter Payment Reference up to 20 characters.
11 Enter the Beneficiary payment Amount.
12 If required, click Beneficiary Payment Details icon to view and update additional beneficiary information:
Add or update Beneficiary Payment Details
STEP ACTION
1 Add or edit Email Address(es) up to 50 characters.
2 Add or edit Beneficiary Amount.
3 Add or edit Payment Reference up to 20 characters.
4 Charges will be processed as Ours for Term Deposits.
  • Ours (default) - you pay all transfer charges, and the beneficiary receives the full amount of the payment.
5 Select Payment to Own Account as No.
6 Select Resident as Yes.
7 Purpose Code is not required for Term Deposits. 
8 Enter Remittance Information up to 140 characters and will appear on the Beneficiary Advice and Payment Details Report.
Term deposit details must include the following information:
  • Term:
  • Interest Rate:
  • TD Certificate:
  • Settlement Instructions - Transfer back to ANZ Taiwan account (Y/N)
9 If required, enter Invoice Details up to 80 x 60 lines and will appear on the Beneficiary Advice and Payment Details Report.
10 Click Save.
14 If required, repeat above steps to add each beneficiary.
15 If required, choose Rate Type:
  • Carded - FX rate is indicative only and subject to change at any time without notice.
  • Contract - enter booked Contract ID and FX Rate.
16 Click Review & Submit.
17 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:

IBRS Error messages - mandatory fields.png

Foreign exchange field validations:

IBRS Error messages - FX mandatory fields.png

Field validations:

TD Field Validation Errors and Alerts 1.png
TD Field Validation Errors and Alerts 2.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:

  • Review this Payment from the Payment Details screen
  • View Approve Payments from the Approve Payments screen with a Book Transfer payment method type and a Term Deposit with ANZ Taiwan beneficiary name
  • Save Payment as Template to the Templates menu
  • 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:

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