Configuring bank account formats and validation

Use these procedures to configure formats and validation for domestic and international bank accounts. A domestic bank account accommodates transactions within a single country. An international bank account accommodates cross-border transactions.

When the bank account validation feature is enabled, bank account information in various formats can be validated when adding or updating a bank account for an employee and when hiring or rehiring a resource. For example, International Bank Account Number (IBAN), SWIFT/BIC, routing number, and account number.