A direct entry file works by allowing businesses to submit multiple payment instructions to their bank in a single electronic file. The process begins with the preparation of a direct entry file that contains all necessary payment details, such as recipient account information and payment amounts. Once the file is generated, it is submitted to the bank, which processes the transactions through the Australian banking network. The bank then transfers the funds from the payer’s account to the recipients’ accounts, ensuring that all transactions are completed securely and efficiently.

Why is this page important?
This information is essential for businesses looking to streamline their payment processes and understand how their transactions are processed within the banking system. Knowing how direct entry files operate helps organisations ensure timely payments and maintain accurate financial records.

Next Steps

1. Log into your OFX account and navigate to Payments, Batch in the left sidebar menu.

2. Select Australia Only if local Australia Payment.

3. Prepare your payment data according to the direct entry file specifications. The template could be download using Download CSV template button.

3. Populate the csv file with the payment data using your accounting or third party systems. This includes

1. beneficiary details BSB, Account Number

2. payment amount

3. payment date, in YYYY-MM-DD format.

4. reference

4. Select Upload CSV

5. After upload, a summary of payment summary is displayed.

6. You can optionally Group by beneficiary, this merges the payment where beneficiary details are the same. This reduces the number of transactions.

7. Select Go to confirmation, review the number of payment and the total payment amount. Select Confirm.

8. Under Payment, All tab check your payment transactions.

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