guide to dbs payroll bank file upload
DESCRIPTION
Aside from the Guide to OCBC Payroll Bank File Upload (In 7 Steps), this will be an article focusing on DBS Payroll Bank File upload. From our research, we realised that most companies in Singapore are using OCBC as their corporate banking platform and DBS is the next choice. With the launch of DBS BusinessClass to help create the ecosystem for SMEs and startups in Singapore, we are looking forward to the revamp of DBS corporate banking platform in the future. Competition to acquire market share of the corporate banking sector is definitely beneficial to businesses in Singapore and the region as we will see an improvement in the service level and technology implemented. The change is already ongoing, with a polished onboarding flow for new clients through their web platform. In Talenox, we don’t believe in such manual process, that’s why we output Payroll Bank Files that you can easily upload and transfer funds over to your employees easily and on time. There’s quite a few steps for uploading Payroll Bank File to DBS and here are the steps:TRANSCRIPT
Guide to DBS Payroll Bank File Upload An HR experience designed for people first.
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Log-In to your DBS IDEAL account. Click on “Payments” and select “Upload Profiles” under “File Transfer”. (please remember to apply for this function when you sign up for corporate banking or you can do so after onboarding.
You can download the form from here and kindly check the box under Section 6b: Other Instructions - File Transfer.)
dbs.com
Click here
XXXX.00
DUMMY ACCOUNT
Step 1
2887192348 - SGD
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Click on “Create New”.
DUMMY ACCOUNT
Step 2
XXX
dbs.com
Click here
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Create Profile Name (Eg. Aug 2014 Payrun), choose “Payroll” for Payment Type and “Interbank GIRO” for File Format.
DUMMY ACCOUNT
Step 3
dbs.com
Click here
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You can override the payment date and set you Profile Access. Then click on “Preview”.
DUMMY ACCOUNT
Step 4
dbs.com
Click here
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Once you confirm the details are right, click on “Submit”.
DUMMY ACCOUNT
Step 5
dbs.com
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Upon creating the needed profile, choose “Execute” from the dropdown list. (You must be thinking why were the above steps needed. I feel that DBS IDEAL can improve on the user experience further.)
DUMMY ACCOUNT
Step 6
dbs.com
XXX
XXX
Click here
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Click on “Choose File” for the needed Payroll Bank File. A pop-up will appear.
DUMMY ACCOUNT
Step 7
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Choose the Bank File from the location that you have saved it in and click on “Open”.
Step 8
dbs.com
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This screen shows you that your Bank File is uploaded. Next you have to go back to Home page.
DUMMY ACCOUNT
XXX@XXXX
XXX@XXXX
Step 9
dbs.com
Note here
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Choose the right Action Item from Home page.
Click here
XXXX.00
DUMMY ACCOUNT
Step 10
dbs.com
XXXX.002887192348 - SGD
Then Approve the Bank File upload to process the payment.
DUMMY ACCOUNT
Step 11
dbs.com
Click here
SGDX,XXX.00
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You have to enter a “Response*” upon keying in the “Challenge” in your DBS token, which is choice “3” upon entering your PIN on your token. Then click on “Approve”.
(I love this feature. It shows DBS commitment to better security.)
DUMMY ACCOUNT
Step 12
dbs.com
Click here
SGDX,XXX.00
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Here you go! You have approved the Payroll Bank File and the salaries will be transferred accordingly. However, if you have a second level of Approval, do remember to get the person
in-charge to approve so that payment can go through.
DUMMY ACCOUNT
Step 13 (Last Step)
dbs.com
No information to Display
Transaction EBLVT41003376634 on 08-Oct-2014 for SGDX,XXX.00 has been approved successfully. New status is Partial Approved.
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