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 > Month Total > Bank / Cheque Listing), you can select multiple payments to be lumped into one bank file for Export:
After exporting the file from Talenox (choose Bank File GIRO), log in to your OCBC Velocity portal.
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. OCBC is supposed to open up this new option to all clients, but they seemed to miss out some of the clients' accounts.