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Create Periodic Payment Schedule (Hong Kong & Singapore)

Geography: This article is applicable for ANZ Transactive – Global customers banking in Hong Kong and Singapore.
Full details are available in Features by Geography.
  • Recurrences can be scheduled in month intervals only, e.g., every 1 for monthly, every 3 for quarterly, or every 12 for yearly. Month intervals between 1 to 12 are also available.
  • Users with create entitlements for payment templates can also create periodic payment schedules. For more information, please refer to Role Permissions and User Permissions.

Periodic payments allow you to establish a schedule to manage FPS (Hong Kong) or ACH (Singapore) recurring payments. A new periodic payment schedule needs to be approved by users with correct permissions prior to being active. Once active, a payment is created from the schedule approximately seven days before the Value Date and will be available to view and approve in the Current Payments screen.

Follow the steps below to create a monthly periodic payment schedule.

Create Periodic Payment Schedule (Hong Kong)
STEP ACTION
1 Go to Payments > Periodic Payments.
2 Click New on the Control Bar.
3 Click Periodic Domestic Payment.
4 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.
5 Select the account the funds will be debited From.
6 Repeats is defaulted to Monthly as this currently is the only frequency available.
7 From the Repeats Every drop-down list, select 1 to 12 month intervals.
  • Choose 1 to create a payment instance monthly
  • Choose 3 to create a payment instance quarterly
  • Choose 6 to create a payment instance half yearly
  • Choose 12 to create a payment instance yearly
  • Or choose another month interval as required
8 From the Repeats On drop-down, select the day of month to create a payment instance.
If you select 29, 30 or 31 the following is displayed: “Warning: You have selected a day that is not valid for all months. Payments for invalid dates will be generated with value dates on the last business day of the month, or the following business day.”
9 Select a Start Date (current day plus one) from the calendar for when the payment instances will start to generate and choose an Ends option for when the payment instances should stop. It can end with a given End Date, or it can end After a number of occurrences. Up to 60 occurrences can be added.
10 Select an option for how to manage Non-Business Days:
  • Process on previous business day, e.g. if run date is Saturday 15th, Value Date of the direct debit instance will be the Friday 14th.
  • Process on next business day, e.g. if run date is Saturday 15th, Value Date of the direct debit instance will be the Monday 17th.
11 Enter a Periodic Payment Name up to 35 characters. This will become the Payment Name when you create a payment from the template.
12 Enter a Periodic Payment Description up to 40 characters.
13 Enter a Periodic Payment Reference up to 35 characters that will appear within the narrative on the funding account, beneficiary's statement and payment reports.
14 If required, enter a Debit Advice Description up to 55 characters that will appear on your debit account statement.
15 If required, tick the Individual Debits checkbox to generate a separate debit entry on your account for each individual beneficiary payment instruction.
16 If required, tick the Disable Beneficiary changes for Payments created from this Periodic Payment checkbox if you need to prevent users adding new beneficiaries or editing details of existing beneficiary in payments created from this periodic payment.
17 Click Add to insert a row into the Beneficiary Details list.
Control Bar
CONTROL BAR ITEM DESCRIPTION
Add Add individual Beneficiary details to the periodic payment instruction.
Remove Tick the checkbox next to the Beneficiary details, then click Remove.
Filter Filter data on the screen. Enter criteria into one or more text boxes that are under each column heading to display matching records.
18 Select the drop-down in the Beneficiary Name field to search for or select a Beneficiary.
To reduce the risk of fraud, ANZ recommends you always confirm beneficiary details when processing a periodic payment.
19 If required, enter a Client Reference up to 35 characters if different from the Periodic Payment Reference prepopulated.
20 Enter the Beneficiary payment Amount.
21 If required, click Beneficiary Payment Details to view or update additional beneficiary information.
Add or update Beneficiary Payment Details
STEP ACTION
1 Add or edit Beneficiary.
2 Add or edit Payment Amount.
3 Add or edit Client Reference up to 35 characters.
4 Select Purpose Code
Purpose Codes & Descriptions
PURPOSE CODE DESCRIPTION
CNOCXBSNS* FPS No Name Check & General Business Payment
CNOCXGOVT* FPS No Name Check & Government
CNOCXSALA* FPS No Name Check & Salary and Benefits Payment
CXBSNS FPS General Business Payment
CXGOVT FPS Government
CXSALA FPS Salary and Benefits Payment
*Service applied approved customers Only
5 If required, enter Remittance Information up to 140 characters. This will appear on the Beneficiary Advice and Payment Detail Report.
6 If required, enter Additional Information up to 8000 characters. This will appear on the Beneficiary Advice and Payment Detail Report and is not included in the payment.
7 If required, enter Debit Advice Description up to 55 characters.
8 If required, tick Email Beneficiary Advice and enter email address(es) up to 255 characters, separated by a comma
9 Click Save
22 Repeat steps 17-21 to add additional beneficiaries to the periodic payment.
23 Click Review & Submit.
24 Click Submit to submit the periodic payment schedule.
A confirmation pop-up window is displayed advising that the periodic payment has been submitted for approval. The periodic payment will need to be approved (or rejected) before it can be used to create a payment. 
25 Click OK to return to the Periodic Payments screen.
Create Periodic Payment Schedule (Singapore)
STEP ACTION
1 Go to Payments > Periodic Payments.
2 Click New on the Control Bar.
3 Click Periodic Domestic Payment.
4 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.
5 Select the account the funds will be debited From.
6 Repeats is defaulted to Monthly as this currently is the only frequency available.
7 From the Repeats Every drop-down list, select 1 to 12 month intervals.
  • Choose 1 to create a payment instance monthly
  • Choose 3 to create a payment instance quarterly
  • Choose 6 to create a payment instance half yearly
  • Choose 12 to create a payment instance yearly
  • Or choose another month interval as required
8 From the Repeats On drop-down, select the day of month to create a payment instance.
If you select 29, 30 or 31 the following is displayed: “Warning: You have selected a day that is not valid for all months. Payments for invalid dates will be generated with value dates on the last business day of the month, or the following business day.”
9 Select a Start Date (current day plus one) from the calendar for when the payment instances will start to generate and choose an Ends option for when the payment instances should stop. It can end with a given End Date, or it can end After a number of occurrences. Up to 60 occurrences can be added.
10 Select an option for how to manage Non-Business Days:
  • Process on previous business day, e.g. if run date is Saturday 15th, Value Date of the direct debit instance will be the Friday 14th.
  • Process on next business day, e.g. if run date is Saturday 15th, Value Date of the direct debit instance will be the Monday 17th.
11 Enter a Periodic Payment Name up to 35 characters. This will become the Payment Name when you create a payment from the template.
12 Enter a Periodic Payment Description up to 40 characters.
13 Enter a Periodic Payment Reference up to 35 characters that will appear within the narrative on the funding account, beneficiary's statement and payment reports..
14 If required, enter a Debit Advice Description up to 55 characters that will appear on your debit account statement.
15 If required, tick the Individual Debits checkbox to generate a separate debit entry on your account for each individual beneficiary payment instruction.
16 If required, tick the Disable Beneficiary changes for Payments created from this Periodic Payment checkbox if you need to prevent users adding new beneficiaries or editing details of existing beneficiary in payments created from this periodic payment.
17 Click Add to insert a row into the Beneficiary Details list.
Control Bar
CONTROL BAR ITEM DESCRIPTION
Add Add individual Beneficiary details to the periodic payment instruction.
Remove Tick the checkbox next to the Beneficiary details, then click Remove.
Filter Filter data on the screen. Enter criteria into one or more text boxes that are under each column heading to display matching records.
18 Select the drop-down in the Beneficiary Name field to search for or select a Beneficiary.
To reduce the risk of fraud, ANZ recommends you always confirm beneficiary details when processing a periodic payment.
19 If required, enter a Client Reference up to 35 characters if different from the Periodic Payment Reference prepopulated.
20 Enter the Beneficiary payment Amount.
21 If required, click Beneficiary Payment Details to view or update additional beneficiary information.
Add or update Beneficiary Payment Details
STEP ACTION
1 Add or edit Beneficiary.
2 Add or edit Payment Amount.
3 Add or edit Client Reference up to 35 characters.
4 Select Purpose Code
Purpose Codes & Descriptions
PURPOSE CODE DESCRIPTION
ACCT Account Management
ADVA Advance Payment
AGRT Agricultural Transfer
AIRB Air
ALLW Allowance
ALMY Alimony Payment
ANNI Annuity
ANTS Anesthesia Services
AREN Accounts Receivables Entry
BBSC Baby Bonus Scheme
BECH Child Benefit
BENE Unemployment Disability Benefit
BEXP Business Expenses
BOCE Back Office Conversion Entry
BONU Bonus Payment
BUSB Bus
CASH Cash Management Transfer
CBFF Capital Building
CBTV Cable TV Bill
CCRD Credit Card Payment
CDBL Credit Card Bill
CDCB Card Payment with CashBack
CDCD Cash Disbursement
CDOC Original Credit
CDQC Quasi Cash
CFEE Cancellation Fee
CHAR Charity Payment
CLPR Car Loan Principal Repayment
CMDT Commodity Transfer
COLL Collection Payment
COMC Commercial Payment
COMM Commission
COMT Consumer Third Party Consolidated Payment
COST Costs
CPKC Carpark Charges
CPYR Copyright
CSDB Cash Disbursement
CSLP Company Social Loan Payment To Bank
CVCF Convalescent Care Facility
DBTC Debit Collection Payment
DCRD Debit Card Payment
DEPT Deposit
DERI Derivatives
DIVD Dividend
DMEQ Durable Medical Equipment
DNTS Dental Services
EDUC Education
ELEC Electricity Bill
ENRG Energies
ESTX Estate Tax
FCPM Payment of Fees & Charges
FERB Ferry
FREX Foreign Exchange
FWLV Foreign Worker Levy
GASB Gas Bill
GDDS Purchase Sale Of Goods
GDSV Purchase Sale Of Goods And Services
GOVI Government Insurance
GOVT Government Payment
GSCB Purchase Sale Of Goods And Services With Cash Back
GSTX Goods & Services Tax
HEDG Hedging
HLRP Housing Loan Repayment
HLTC Home Health Care
HLTI Health Insurance
HSPC Hospital Care
HSTX Housing Tax
ICCP Irrevocable Credit Card Payment
ICRF Intermediate Care Facility
IDCP Irrevocable Debit Card Payment
IHRP Instalment Hire Purchase Agreement
INPC Insurance Premium Car
INSU Insurance Premium
INTC IntraCompany Payment
INTE Interest
INVS Investment & Securities
IVPT Invoice Payment
LBRI Labor Insurance
LICF License Fee
LIFI Life Insurance
LIMA Liquidity Management
LOAN Loan
LOAR Loan Repayment
LTCF Long Term Care Facility
MDCS Medical Services
MSVC Multiple Service Types
NETT Netting
NITX Net Income Tax
NOWS Not Otherwise Specified
NWCH Network Charge
NWCM Network Communication
OFEE Opening Fee
OTHR Other
OTLC Other Telecom Related Bill
PADD Preauthorized debit
PAYR Payroll
PENS Pension Payment
PHON Telephone Bill
POPE Point of Purchase Entry
PPTI Property Insurance
PRCP Price Payment
PRME Precious Metal
PTSP Payment Terms
PTXP Property Tax
RCKE Re-presented Check Entry
RCPT Receipt Payment
RDTX Road Tax
REBT Rebate
REFU Refund
RENT Rent
RINP Recurring Installment Payment
RLWY Railway
ROYA Royalties
SALA Salary Payment
SALY Salary Payments
SAVG Savings
SCVE Purchase Sale Of Services
SECU Securities
SSBE Social Security Benefit
STDY Study
SUBS Subscription
SUPP Supplier Payment
TAXS Tax Payment
TBIL Telco Bill
TCSC Town Council Service Charges
TELI Telephone-Initiated Transaction
TRAD Trade Services
TREA Treasury Payment
TRFD Trust Fund
TRPT Transport
UBIL Utilities
VATX Value Added Tax Payment
VIEW Vision Care
WEBI Internet-Initiated Transaction
WHLD With Holding
WTER Water Bill
5 If required, enter Remittance Information up to 140 characters. This will appear on the Beneficiary Advice and Payment Detail Report.
6 If required, enter Additional Information up to 8000 characters. This will appear on the Beneficiary Advice and Payment Detail Report and is not included in the payment.
7 If required, enter Debit Advice Description up to 55 characters.
8 If required, tick Email Beneficiary Advice and enter email address(es) up to 255 characters, separated by a comma
9 Click Save
22 Repeat steps 17-21 to add additional beneficiaries to the periodic payment.
23 Click Review & Submit.
24 Click Submit to submit the periodic payment schedule.
A confirmation pop-up window is displayed advising that the periodic payment has been submitted for approval. The periodic payment will need to be approved (or rejected) before it can be used to create a payment. 
25 Click OK to return to the Periodic Payments screen.

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