1. Country-Specific Features
  2. Malaysia Help Topics
  3. Malaysia Payment Formats
  4. Setting Up Bank Records of Employees in Malaysia

Setting Up Bank Records of Employees in Malaysia

Set up the bank account details of each employee to whom you will send electronic bank payments. You can set up multiple bank accounts for each employee.

To set up employee bank details in Malaysia:

  1. Go to Lists > Employees > Employees.

    For information on adding employees, see Adding an Employee.

  2. Click the Edit link next to the name of the employee.

  3. On the Bank Payment Details subtab, check the EFT Bill Payment box, and click Save.

  4. Click New Bank Details.

  5. Complete the fields on the Bank Details page. The fields displayed are dependent on the EFT format selected. Complete the fields that are only displayed on the Bank Details page and disregard those that are not displayed.

    Field

    Description

    Name

    Enter a unique name for this entity bank detail record.

    Payment File Format

    Select any of the following payment file formats to use when sending payments to the employee:

    • Maybank Malaysia 2E-RC Domestic Transfer

    • Maybank Malaysia 2E-RC International Transfer

    • Citibank Malaysia XML Domestic Transfer

    • Citibank Malaysia XML International Transfer

    • Citibank Malaysia XML GIRO

    Note:

    To use international transfer payment formats, you must have an active license for advanced Electronic Bank Payments, and you must install the NetSuite SuiteApps License Client SuiteApp in your account.

    Type

    Select whether the bank account is the employee's primary or secondary bank account.

    Account Number/Bank Account Number

    Enter the employee’s bank account number.

    Account Name/Bank Account Name

    Enter the employee's bank account name.

    Bank Number/Bank Code

    The 4-digit number that identifies the employee's bank.

    Branch Number/Branch Code

    Enter the 3-digit number that identifies the bank branch where the employee's account is maintained.

    Bank Name

    Enter the name of the employee's bank.

    Payment Mode

    Select the payment mode:

    • IT -Maybank account

    • IG -Other Malaysia banks

    Purpose of Transfer

    Enter the purpose of transferring funds to the employee.

    Resident Indicator

    Enter the employee's resident indicator (Y or N) (for domestic and international transfer).

    Remitter and Beneficiary Relationship

    Select the employee's relationship with the company:

    • 01 – Remitter is identical with beneficiary

    • 02 – Remitter is not identical with beneficiary

    Citizen Indicator

    Enter the employee's citizen indicator (Y or N) (for international transfer).

    Other Codes

    (required for international transfer)

    Enter the employee's other code for their bank country (mandatory for the following countries):

    • Australia -AU

    • Canada -CC

    • China -CN

    • India -IFSC

    • United Kingdom -SC

    • United States -FW

    • Other Countries -blank

    Other Codes Values

    (required for international transfer)

    Enter the employee's other codes value:

    • Australia -Australian Bank State Branch (BSB) Code, 6 digits

    • Canada -Canadian Payments Association Payment Routing Number, 9 digits

    • China -CNAPS (For CNY transaction currency only), 1-34 digits

    • United Kingdom -UK Domestic Sort Code, 6 digits

    • India -Financial System Code, 11 digits

    • United States -Fedwire Routing Number, 9 digits

    • Other Countries -blank

    Bene Address 1, 2, 3

    Enter all addresses of the beneficiary

    Citizenship Country

    Select the employee's citizenship country.

    BIC or Swift Code

    Enter the employee's Bank Identifier Code (BIC) (8 or 11 characters), used to identify banks worldwide.

  6. Click Save.

You can also set up bank records of vendors, employees, customers and partners by importing bank details in CSV format into NetSuite using the Import Assistant. For more information, see Importing Electronic Bank Payments Data.

Related Topics

General Notices