i

I'm in FastNet Business, can I make same day cleared payments?

Last Updated: 22 Aug 2016

Yes. With FastNet Business you can send a same day cleared payment to a participating New Zealand bank between 9.00am and 4.30pm on a business day.

Before you begin, display the Same Day Cleared Payment Details page.

  • On the FastNet Business tab bar, click Transactional Banking.

  • Below the tab bar, click Payments.

  • On the left-menu, click Same Day Cleared Payment.

    Then:

    You must enter information into every field with an asterisk*.

  1. On the Same Day Cleared Payment Details page, the From Account is entered automatically. If you want to change this, use the drop-list to select the relevant From Account. The name of this account is automatically shown in the Payer Name field. It will also be shown on the payee's statement. You cannot make a same day cleared payment from a Group Trust account.

  2. In the Amount field, enter the amount to be paid - no dollar sign is needed. Today's date is automatically shown as the Payment Date because you cannot future-date a same day cleared payment.

  3. In the To Account field, enter the payee's account number. This account must be held by a participating New Zealand bank. Click the participating NZ banks hyperlink to see the list of banks. You cannot make a same day cleared payment to the IRD (Inland Revenue Department).

  4. In your Particulars field, enter details about this same day cleared payment. You can also enter more details in your Code and Reference fields if required. These details will appear on your statement.

  5. In the Payee Description field, type the name of the payee. All payments will be directed to the account number that you enter in the To Account field. The Payee Description field is for your reference only.

  6. In the To Account field, enter the payee's account number.

  7. In the payee's Particulars field, enter details about this same day cleared payment. You can also enter more details in the payee's Code and Reference fields. These details will appear on the payee's statement.

  8. (Optional) If you want the payee's bank to notify the payee when the payment is delivered, click the Yes radio button then type the payee's email address into the email address field.

  9. Click Save to save and re-display the same day cleared payment for immediate authorisation, then follow the steps below. Alternatively, click Save & Exit to save the same day cleared payment so that you can edit, authorise, and send it later that day.

    To authorise and send a same day cleared payment:

 

  • At the bottom of the Same Day Cleared Payment Details page, click Authorise/Send.  A summary of the same day cleared payment will display on the Authorise Payments page.
  • Type your User ID (if necessary), password, and Netcode then click Authorise payments. If the same day cleared payment is fully authorised and you have Send permission, a message informs you that the same day cleared payment is ready to send. Otherwise, the Unsent Payments page is displayed.
  • Click Send payment if you want to send the same day cleared payment for processing now. Alternatively, if you want to send the same day cleared payment later, click the Don't Send Payment Yet hyperlink.
  • To confirm that the same day cleared payment has been processed, go to the Sent Payments page.

 


Did this answer your question?

Related Answers


Related topics

, ,