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- Details of the bank accounts to which school fee is to be credited are added under the banking.
- Bank code – Bank Code has to be a Unique Identification Number and must be defined by the school. It will help the school to identify the Bank using the code in functionalities like Cheque Reconciliation, etc.
- You can add details of multiple bank accounts, but only one account can act as the default account.
- You can deactivate the bank account details, using the deactivate bank option in the more actions (three dots) menu, at any point. Deactivation will not entirely delete the account details. It can be made active whenever you wish to resume transactions. However, when the account is deactivated, no fee can be credited to the account.
- Bank Edit and Activate/Deactivate options will not be available for Merchant and Linked accounts.
- Payment Gateway:
- For Schools who are using Payment Gateway, if they have created 3 banks in the system, but one of them is a Merchant Bank, it will be displayed in the system automatically as “Merchant Account” along-with the Merchant ID given to the School.
- For schools who are having multiple Bank Accounts on Payment Gateway, the main account will be shown as ‘Merchant Account’ along-with the Merchant ID. The secondary account will be shown on the card as “Linked Account” along-with the Linked Account ID.
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