A Bank Identifier Code (BIC) is a unique code that identifies a specific bank or financial institution, facilitating international wire transfers and ensuring accurate and timely payments.
Adding a new BIC or updating bank details in the portal is essential for maintaining correct payment processing and avoiding delays in transactions.
⚠️Important: If you use Back Office, follow these steps.
Add BIC
To add a new BIC or bank details in the reference data, follow the steps below.
📌Note: If this is a new BIC, we advise you add a new bank identifier. It must be setup in payroll.
Click Settings then under Banking, click Bank Details.
Click either the Sort Code or BIC tab.
Click Add Sort Code/Add BIC then enter the required BIC/Sort Code details.
Click OK.