We'll run through how to submit your OCBC bank file for GIRO payout via the Velocity online business banking portal.
What is a bank file?
A bank file is a .txt file that contains the encoded salary payment details for each employee with a bank account. Here's an example of the file name when created - bank_file14092963432.txt.
At Payroll Settings > Month Total > Export Bank Payments/CPF/Reports, you can choose Make Payment to download the Bank File (GIRO/FAST format):
After exporting the file from Talenox (choose Bank File GIRO), log in to your OCBC Velocity portal.
To ensure that the bank file format is the correct one before exporting, do choose "GIROFASTWITHINV Format (latest format)" option under Profiles > Company Details > Bank Details:
Follow this short Slideshare to complete the submission:
Note: Under Upload File, please choose GIROFASTWITHINV as the file type. If you do not have it in your list, please contact OCBC support immediately to populate it for you.