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EFT Settings

SimplePay allows you to download a file containing all the information needed to make AutoPay salary payments to your employees in bulk. This file can then be loaded into special software provided by your bank, or into internet banking, in the case of certain banks.

Filling in Bank Details

In order for SimplePay to generate a payments file, you are required to fill in your primary banking information.

To do so, follow these steps:

  • Go to Settings > EFT
  • Click on the drop-down menu next to EFT Format to select “SEPA” as the EFT export format.
  • Then enter the Bank Reference, OIN or any other reference of your choice for this payment batch.
  • Fill in the rest of your bank account details.
  • Click Save.

Please note: The EFT export file allows AutoPay salary payments to any EU bank, as long as the IBAN and BIC numbers are correct.

Additional Bank Accounts

In addition to the primary bank account as mentioned above, our system also lets you add more bank accounts. Adding this will allow you to select the specific bank account from which a Pay Point should be paid.

To do so, follow these steps:

  • Go to Settings > EFT
  • Click on the Add button under the Additional Bank Details heading.

  • Enter a unique name to identify this additional bank account.
  • Enter the rest of the bank account details.
  • Click Save.

Note: You are able to add multiple additional bank accounts which will appear in alphabetical order according to the chosen names.

Note: Please ensure you have chosen the additional bank account for the relevant Pay Point. You may do so by clicking on Settings > Pay Points > click on the relevant Pay Point > tick the checkbox Not paid from primary bank account then select the Additional Bank Account.

Downloading the EFT Payment File

After you have entered your EFT settings, you can download the payment file as follows:

  • Go to Pay Runs
  • Click on the EFT arrow (next to the PDF and Excel icons).
  • Ensure that the Value Date is correct.
  • Click on Download.

The file that is generated can then be uploaded to your bank.