Creating the bank details for resources

Before administrators can create bank details, you must specify the maximum number of active bank accounts for each employee.

Administrators can create more than the maximum number of active bank details.

See Configuring active bank accounts.

Some fields are available only when they are configured by your organization. For example, some fields are only shown when resource bank payments are enabled.

  1. Select Payroll > Resources > Resource Search.
  2. Search for and open a resource's record.
  3. Click the Pay tab.
  4. In the Payroll pane, click Bank Details.
  5. Click Add.
  6. Create the bank details of a resource:
    1. In the Country/Jurisdiction field, specify the country where the resource’s bank account was created.

      If the specified country or jurisdiction in the Add Bank Account window is different from the resource’s work country or jurisdiction, international bank account information is displayed. Otherwise, domestic bank account information is displayed.

      The fields under international or domestic bank account information are determined by the format setup for a specific country.

      See Infor HR Talent User and Administration Library (Cloud and On-premises) and select Administrator > HR Talent Setup and Administration.

    2. Specify the account name, if enabled.
    3. Specify the bank account information:
      • If IBAN (International Bank Account Number) is the bank account format, use one of these methods to validate the information:
        • Specify the IBAN check digits, bank code, branch code, account number, and national check digits of the resource’s bank account. The fields that are displayed vary by country. The IBAN field is populated based on the information from the other fields.
        • Specify the International Bank Account Number of the resource. Other fields are populated based on the specified IBAN.
      • If SWIFT/BIC is the bank account format, specify the SWIFT/BIC and the account number of the resource’s bank account.
      • If Routing Number is the bank account format, specify the routing number and account number of the resource’s bank account.
      • If Account Number is the bank account format, specify the account number of the resource’s bank account.

      The Bank Name is displayed after validation is enabled and successful. Otherwise, an error message is displayed based on the validation level setup.

    4. Specify additional bank information:
      Payment Description
      Specify the method of payment that is directed to this bank account.
      Account Type
      Select Checking or Savings to credit your deposit to the correct account. If enabled, the Pay Card option is available.
      Deposit Type
      Select Flat Amount, Percent, or Remaining Balance.
      Flat Amount
      If you selected Flat Amount as the deposit type, specify the amount of the employee's net pay that is deposited into the resource's bank account.
      Percent
      If you selected Percent as the deposit type, specify the percentage of the employee's net pay that is deposited into the resource's bank account.
      Remaining Balance
      If you selected Remaining Balance as the deposit type, specify the remaining balance of the employee's net pay that is deposited into the resource's bank account.
    5. Click Submit.
  7. Click OK.