Bank distribution

You can use several bank relations and agree on different terms and conditions separately with each bank.

For example, you can agree these conditions:

  • The minimum document amount
  • The maximum document amount
  • The maximum total amount per payment/receipt batch
  • The maximum number of composed lines in a batch
  • The bank charges for various services, for example, for handling foreign currencies

Which bank you want to use for a transaction can depend on the terms and conditions, the bank charges, the transaction currency, and the balance of your bank account.

If you set up bank distribution, LN assigns a bank relation to a payment or direct debit based on criteria such as the maximum transaction amount and the number of documents in the batch. If the transaction meets the criteria of several bank relations, LN assigns the bank relations in their order of priority.

Setting up bank distribution

You can set up the bank distribution logic for specific payment methods and receipt methods.

To set up bank distribution:

  1. In the Payment/Receipt Method (tfcmg0140s000) session, define the payment method or receipt method. On the appropriate menu, click Bank Priorities by Payment Method and Currency.
  2. In the Bank Priorities by Payment Method and Currency (tfcmg0121m000) session, define the priorities of bank relations for the combination of payment method or receipt method and bank currency in the bank assignment process.
  3. On the appropriate menu of the Bank Priorities by Payment Method and Currency (tfcmg0121m000) session, click Assignment Criteria by Payment Method and Bank Relation.
  4. In the Assignment Criteria by Payment Method and Bank Relation (tfcmg0122m000) session, define the criteria LN uses to assign bank relations to transactions with the selected payment method or receipt method.

Related topics