HSBC Hub MRI Version 2

02-Sep-2022 · Felix Fung

Why configure a bank account for HSBC Hub MRI Version 2?

Your company has a bank account at HSBC Singapore. You would like to submit autopay instruction in txt format after preparing payroll in Backstage.

How to configure a bank account for HSBC Hub MRI Version 2?

  • 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
    • Autopay File Template: Select "HsbcHubMri2Autopay"
    • Reference Number 1: fill in Payment Code provided by HSBC, e.g. "E01"
  • At Master Data / Bank,
    • make sure Bank records used have SWIFT code filled in, e.g. "HSBCSGSGXXX"

How to insert Remark when generating HSBC Hub MRI Version 2 format?

When generating the autopay file, you can specify these reference values:

  • Put your own Reference: which will show up as "Payment Description" and "Second Party Reference" in the file