An international batch payment is a method that allows businesses to make multiple payments to various recipients located in different countries, all consolidated into a single electronic file. This process enables organisations to efficiently manage and execute numerous cross-border transactions simultaneously, streamlining payment processes and reducing administrative burdens. International batch payments are commonly used for supplier invoices, contractor payments, and other recurring expenses that require currency conversion and compliance with international banking regulations.

Why is this page important?
Understanding international batch payments is essential for businesses engaged in global trade or services. It helps ensure timely payments, optimises cash flow management, and minimises transaction costs associated with individual international transfers.

Next Steps

1. Log into your OFX account.

2. Navigate to Payments, Batch in the left sidebar menu.

3. Select International.

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

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

1. beneficiary details, account type, BIC, account number

2. payment amount, currency

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

4. reference

6. Select Upload CSV.

7. Upload progress is displayed.

8. After successful batch import, the imported payment records are displayed.

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

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• How does a user download an international batch file template?