Why configure a bank account for HSBC/HSB HKMRI format?
Your company has a bank account at HSBC or Hang Seng Bank. To support the Hong Kong Faster Payment System (FPS), you would like to submit autopay instructions in HKMRI format after preparing payroll in Backstage.
How to configure a bank account for HSBC/HSB HKMRI format?
Go to Master Data -> Bank Account
Create / Open the record you are working with:
Bank Account Number: Fill in Company Bank Account Number WITHOUT Bank Code
If you are using "Business Integrated Account (BIA)", please fill in the complete 17 digits Bank Account Number which ends in something like "SUHKD"
Autopay File Template: Select "HsbcMriAutopay"
Reference Number 1: Fill in Payment Code to be provided by HSBC/Hang Seng, e.g F01
As of Feb 2024, HSBC is upgrading its autopay process and beneficiary name is extended to 140 characters.
Since not all clients are upgraded at the same time, Backstage will keep showing short beneficiary name by default.
To enable long beneficiary name, please put [LONG_BENEFICIARY_NAME] at remark of the bank account record.