Setup EFTXpress Banks

General Options

Statement Setup

File Setup

EFT Bank Setup

Enter Values for the Following

Bank Format

ABSAACCHOST (CSV)

Export Path

Designated location for exported files

File Extension

The File extension for the EFT Export file extension

Account Number

The Debit Account Number is used to indicate the account number of the Absa’s client where the funds for the payment should be debited.

Branch Code

This is the Branch code associated with the Debit Account.

Seed Number

Not applicable for this format

General Options Tab

Additional Bank Export Fields

Payment Description

The Payment Description field is used to specify information exchanged between the transacting banks (i.e. debit and credit account banks). e.g. BILLPAYT

Country Code

The Debit A/C Country Code field is used to specify the code for the country associated with the Debit Account.

Bank Code

This is the Bank code associated with the Debit Account.

File Type

File Type is used to indicate the type of Credit Transfer the Payment Instruction is intended for.

SFTP Setup Tab

Output

Not used for this format

Name of the file pre 2023 versions

Use Optional Field 1 to setup the type of file being exported eg -PSR, -CSV etc. This is the prefix of the exported file and will be used when building the name of the file to be exported.

See the Strategic Host Connectivity.pdf page 13 onwards.

Statement Setup Tab

by EFT Bank or Miscellaneous Code

For the fields in EFT Bank Codes setup check the Absa Access Host CSV docx file from the bank for permitted File Types, Charge Options, etc.

My statement Reference

Not Used.

Beneficiary Reference

The Beneficiary Reference field is used to quote additional payment related information for the beneficiary’s reference.

C/B Miscellaneous Codes

Address & EFT Tab

The date exported is the Process Date which can be changed in Batch List (EFT Process Date) and Batch Entry, zoom to Batch Control Details.

Account Number

The Debit Account Number is used to indicate the account number of the Absa’s client where the funds for the payment should be debited.

Sort Code

The Sort Code field is used to identify the bank and branch associated with the Beneficiary’s bank account. (Branch Code field).

Swift Code

The Swift Code field is used to identify the bank associated with the Beneficiary’s bank account for RTGS and IFT payments only. (Swift Number field)

Beneficiary Country Code

Beneficiary Country Code. (Beneficiary Code field)

Beneficiary Bank Country Code

The Beneficiary Bank Country Code field is used to specify the code for the country in which the beneficiary Bank is located. (BOP Category field)

BOP Code

The Balance of Payment Code field is used to provide details of the international credit transfer as required for regulatory reporting. (BOP reference field)

Purpose of Payment Description

The Purpose of Payment Description field is used to provide details of the international credit transfer as required for regulatory reporting. (BOP Reason field)

Charge Option

The Charge Option field indicates the party responsible for bearing the applicable transactional charges.

e.g. OUR, BEN,SHA (Bank ID field)