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 Portal, 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 CorePay then click Reference.
Click Bank Details then from the Type LOV, select BIC.
🤓Tip: For UK banks, select the sort code from the drop-down menu.
To add details, click the green plus
icon then fill in the required fields. To save changes, click the save
icon.