What extra payment functionality will I get with Commercial Banking Online?
- You will be able to make inter-account transfers (IATs) and Faster Payments at any time of the day or night, providing these have been approved
- There will be improved payment status reporting
- File importing will have more flexibility than before
- Commercial Banking Online will be able to recognise the mandatory information required from international beneficiary banks when making payments.
Will cut-off times for payments change?
- Yes. One of the benefits of Commercial Banking Online is the processing of inter-account transfers (IATs) and Faster Payments at any time of the day or night, once these have been approved
- Cut-off times for all other payments will remain the same.