Bank account format

Bank accounts must be numbered according to the international standard (ISO13616). This standard is International Bank A/C Number (IBAN) and is a predefined structure that contains details of the bank and branch identifier.

Australia specifics

IBAN is not used in Australia. The bank account format (BBAN) is a Bank State Branch (BSB) and an account number. For international transfers, a SWIFT identifier is used in addition to the BSB and bank account number.

Bank-State-Branch (BSB) Number is a six character numeric code used to identify an individual branch of a financial institution. BSB Number is used in Australian Paper Clearing System (APCS) and Bulk Electronic Clearing System (BECS) payment systems. To transfer money, the BSB Number is used with the bank account number of the recipient.

In APCS payment system, BSB and account numbers, are used to identify the debit account and is printed on the cheque. In BECS system, BSB and account numbers are used when transferring funds using the Direct Entry System.

The length of the account number varies by institution and may contain numeric or alphanumeric characters.

How Infor meets this requirement

Set up an account in Cash Management.

  1. On the Cash Management Account page, select the Details tab.
  2. In the Validation Type field, select Standard Account Number

    The Account field shows 30 characters, with a maximum length of 35 characters

For information about bank account format, see the Cash Management User Guide.