This help explains how to create a new bank transfer and what requirements are related to it. Make sure you have the rights to make bank transfers and follow the field-specific restrictions. Payments can only be made in euros to bank accounts within the SEPA area.

CONTENTS

Creating and content of a bank transfer

Creating a bank transfer and rights

  • Select Purchases > Bank transfers > New bank transfer when you want to create a new bank transfer.
  • Make sure that you have editing rights for bank transfers in the function-specific rights.
  • Use the profiles all rights, company user, ledger user or accounts payable user, which automatically include the editing right for bank transfers.

Bank transfer currency, accounts and mandatory fields

  • Make a bank transfer only to a SEPA area bank account with the currency in euros.
  • Handle payments outside the SEPA area through a purchase invoice.
  • Use an IBAN formatted Finnish bank account with the currency in euros as the payer’s account number.
  • Handle a currency payment as a purchase invoice.
  • For a domestic bank transfer, enter all mandatory fields marked with an asterisk.
  • Add either a reference number or a message to the bank transfer; you can use both by selecting "Message + reference".
  • For an international bank transfer, in addition to the fields marked with an asterisk, also enter the recipient’s address, which is mandatory.

You can enter an RF reference in the reference field. Currently, Netvisor does not support express payments in bank transfers or purchase invoices.

Character limits for bank transfers

The maximum character limits for bank transfers by field are:

  • Message field:
    • Danske Bank: up to 75 characters
    • OP: up to 140 characters
    • Samlink banks (savings bank group, Nooa Bank, POP Bank group, Handelsbanken Finland): up to 35 characters
    • Nordea: up to 140 characters
    • Aktia: up to 140 characters
    • Netvisor allows up to 140 characters in the message field.
  • Recipient’s name: up to 100 characters
  • Address: up to 70 characters
  • Postal address: up to 50 characters
  • Postal code: up to 8 characters
  • Recipient’s account number (IBAN): up to 35 characters
  • Recipient’s BIC code: up to 20 characters

Paying bank transfers

Payment rights

  • To be able to pay bank transfers, make sure that you have editing rights set in the function-specific rights under "Payments".

Sales and purchase ledger rights

  • In the Sales and Purchase Ledger rights, select the checkbox for "Bank transfer payer" when you want to pay bank transfers.
  • Note that if you do not have the "Bank transfer payer" right in the Sales and Purchase Ledger rights, you will only see the bank transfers you have created yourself in the Open and Paid Bank Transfers view.

Using the message field

  • Do not use special characters in the message field of the bank transfer.
  • Do not use the "Enter" key in the message field, as it may cause an error in message processing on the bank’s side.
  • Note that the length of the message field in Netvisor is limited to 140 characters.

 

Selecting the payment account and due date

  • The payment account number is automatically selected if the company has only one bank account.
  • If the company has several bank accounts, select the payment account from the drop-down menu in the From account section.
  • Select a domestic account with the currency in euros as the payment account.
  • The default due date is the day the bank transfer is made, but you can change the due date before saving the bank transfer.

Frequently asked questions

Question: Where do I open the creation of a new bank transfer?

Answer: Select Purchases > Bank transfers > New bank transfer.

Question: What rights do I need to make bank transfers?

Answer: You need editing rights for bank transfers in the function-specific rights. This right is included in the profiles all rights, company user, ledger user and accounts payable user.

Question: With which accounts and currency can I make bank transfers?

Answer: You can make bank transfers only to SEPA area bank accounts in euros. The payer’s account number must be an IBAN formatted Finnish bank account with the currency in euros.

Question: How do I proceed if I want to pay outside the SEPA area or in a foreign currency?

Answer: Handle payments outside the SEPA area and currency payments through a purchase invoice.

Question: Which fields are mandatory in a bank transfer?

Answer: For a domestic bank transfer, all fields marked with an asterisk are mandatory, and the bank transfer must include either a reference number or a message. For an international bank transfer, the recipient’s address is also mandatory.

Question: Can I use both a reference and a message?

Answer: You can use both by selecting the "Message + reference" option.

Question: What restrictions apply to the message field?

Answer: The length of the message field in Netvisor is 140 characters. Do not use special characters or the Enter key so that message processing at the bank does not cause an error.

Question: What rights do I need to pay bank transfers?

Answer: You need editing rights in the function-specific rights under "Payments" and the "Bank transfer payer" right in the Sales and Purchase Ledger rights.

Question: Why do I only see my own bank transfers in the Open and Paid Bank Transfers view?

Answer: If you do not have the "Bank transfer payer" right in the Sales and Purchase Ledger rights, you will only see the bank transfers you have created yourself in the view.

Question: Does Netvisor support express payments in bank transfers?

Answer: Netvisor does not currently support express payments in bank transfers or purchase invoices.

Keywords: bank transfer, bank transfers

This article has been translated using an AI-based translation tool. The contents or wording of these instructions may differ from those in other instructions or in the software.


Did you find it helpful? Yes No

Send feedback
Sorry we couldn't be helpful. Help us improve this article with your feedback.