How to Add/Modify Financial Institution Codes & Details

This screen allows the user to add or modify Financial Institutions that do business with the board and its employees (eg. banks, trust companies, insurance firms, government agencies, charities and other financial institutions). Banks and Trust companies are identified in order to issue payment to Employees (via EFT or for forwarding correspondence). Other codes can also be maintained (if required) to satisfy the reporting requirements of the Ontario Teachers Federation (OTF) and the Ontario Hospital Insurance Plan (OHIP).

The Financial Institution Codes are also required for each Payroll Deduction Code set up in the Carrier field.

Use the following steps to Add/Modify Financial Institution Codes & Details

          1. Click on Board Control

          2. Click on General Tables

          3. Click on Financial Institutions

          4. Click the Find button at top of the menu bar to see all records in the database.

          5. If K212 HRP dialog box displays, click Yes to continue.

          6. Select a current Financial Institution Code to modify or Select New at the top of the menu screen to add a new code

          7. Enter a unique Financial Institution Code value

          8. Enter a unique Description value

          9. Enter a unique Abbreviation value

          11. Enter in any other relevant information on the screen (If applicable) (Consult the user guides for more information about each field)

          12. Click the Save button to save your changes