GP Core - Bank Identifier Code Needs To Be Derived From IBAN For Netherlands
Last updated on AUGUST 21, 2017
Applies to:PeopleSoft Enterprise HCM Global Payroll Core - Version 9.2 and later
Information in this document applies to any platform.
On : 9.2 version, Job / Personal Information
In PeopleSoft there is the possibility to configure IBAN Country Setup. For most countries, PeopleSoft will take this information into account when an IBAN is validated and when an employee enters his Bank Account in ESS.
In the Netherlands however, the Bank Identifier Code is being used in the IBAN.
Even though this can be deducted from the IBAN & Bank setup, an employee still needs to enter his Bank ID when entering a Bank Account in ESS.
This setup is not necessary.
All the information is available to deduct the Bank ID when the IBAN is entered.
However the current process to enter a Dutch Bank Account is is:
1. Enter Bank Location (and Account Type and whether or not they have an IBAN number)
2. Search for a bank, enter bank code
3. They have to enter their IBAN number and validate
This seems unnecessary, as bank code can be derived from the IBAN number (just as it is being done for the Bank ID for other countries).
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