6
Banking details
Q: How are bank details verified and what is the turnaround time?
Bank details are verified via SafetyNet and it could take up to 4 days for verification. It is very important that suppliers capture the correct banking details as per the prescribed screens
published on the OCPO’s website.
Q: What should departments do if the supplier’s bank details are not verified?
A SCM practitioner should request the supplier to correct the bank details and submit the information for reverification. A practitioner can also ask the supplier to provide proof of banking details to the practitioner.
Q: Must the SCM practitioners amend banking details on behalf of suppliers?
No – under no circumstances must SCM practitioners amend banking details on behalf of suppliers. The practitioner has access to a read-only functionality. It is the responsibility of the supplier to add or amend their details on CSD.
Q: If an entity has two bank accounts, can they load both on CSD?
Suppliers can load both bank accounts. They must, however, state which account is the preferred one.
Q:Can the CSD registration proceed without the banking details? Yes.
Q:Can the CSD differentiate between bank account types? Yes.
Q: What business name does the CSD use to vet bank accounts?
1.A supplier must obtain a letter from the bank, containing the supplier’s banking information. A supplier should request their banking information from the following specific screen names. (The screen name should be mentioned to the bank):
| Bank | Screen Name | |
| a. | ABSA | CIF screen |
| b. | First National Bank | Hogans system on the CIS4 |
| c. | Standard Bank | Customer screen |
| d. | Nedbank | Banking Platform under the Client Details Tab |
2.A supplier must ensure that the banking information (particularly the identifying number in this case) captured on the CSD, matches the information exactly as it was received from the bank in Step 1 above (exact spelling, case etc.).
3.If the information on the CSD is different from the information obtained in Step 1, the supplier needs to fix the incorrect information and again click on submit on the overview tab to submit the updated changes to the master record of the supplier.
Q:When suppliers’ banking details change after they have registered – will they be able to change these?
Yes. They can change their bank details on the CSD. It is important to update bank details on the CSD if they change, since BAS will go to the CSD to check before payment is processed.
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There are several international scholarships available for South Africans to study abroad. Here are a few examples:
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