Entering Banking Information for a Foreign Vendor/Supplier
17 steps
3 minutes
Paymentworks
Additional Information: Banking Details and Payment Information
1
Enter your banking details at the bottom of the "Additional Information" section of the Payment Works registration form, under the header "Payment Information." The first step is to choose "Foreign" as your Bank Location.
Intermediary Bank
2
Once you choose "Foreign Bank" the Intermediary Bank Details fields will appear. Enter your intermediary bank's name (example: JP Morgan Chase). **You only have to enter an Intermediary Bank if your bank's wire instructions provide it**. If your bank letter only has a 9-digit US routing number listed and not the full bank details, do an internet search to locate the name and address of the US Bank.
YOU WILL NOT ENTER YOUR PRIMARY BANK INFORMATION IN THIS SECTION. An Intermediary Bank is typically a U.S. bank that your primary bank has an account with to convert US currency to your country's currency.
3
The name on the intermediary account will be the name of your primary bank (Example: HSBC UK).
4
Enter the 9-digit ABA/Routing number for the intermediary bank.
5
Enter the Intermediary Bank Account Number. You may leave this field blank, unless your bank letter provides a specific Intermediary bank account number.
6
Enter the Intermediary bank address. The required fields are: City, State, Country. Street address and post code are not required.
7
Enter your IBAN number. This is a required field, so if you do not have an IBAN enter NA.
If your Country has a CLABE or CLAVE number, you may enter it in the IBAN field.
Bank Information
8
Enter your bank's name. It must match the banking documentation.
9
Enter your Account number. If you have provided an IBAN number, please only enter your actual account number here.
If your Country requires a BSB number, you will enter it at the beginning of your account number.
10
Click on "Account Type" menu and select the appropriate account type for your account (example: "Company Checking").
11
Enter your bank's routing number if applicable.
If the Routing number is displayed as a required field and you do not have one, scroll down to the Bank Address section and select your country, this should remove the US Routing number as a required field.
12
Enter your SWIFT Code
13
Upload your banking documentation provided by your bank.
The University of Arkansas System will not accept a letter on the supplier's company letterhead to validate bank information. **An official bank letter or document is required to validate banking information.** The bank documentation will also need to validate your intermediary banking information if applicable. If these are provided in two separate documents, you will need to combine them into one file to upload into Payment Works.
14
Provide a valid company e-mail address for Payment Notifications.
15
Read the authorization to deposit and click if you agree.
Bank Address
16
Please provide a valid bank address by filling in all fields
17
Click **Save and Exit** to save your work and return later to complete the registration process or click **Submit** to complete your registration.
Once your registration is submitted PaymentWorks will call you on a public facing phone number to validate your banking information. They will leave a voice mail with instructions on how to proceed if you miss the call.
