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, add a new bank identifier and set it up in Payroll before proceeding
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.