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Clearing Systems

Bulk Electronic Clearing System

The Bulk Electronic Clearing System (BECS) processes a range of electronic transactions between BECS Participants, including direct credits, direct debits, bill payments, and automatic payments. The Participants use SBI to settle the transactions and exchange payment information.

Payments NZ sets all the rules and standards that govern how this clearing system works. This includes things like timeframes for when settlement and interchange must happen, what format the payment information needs to be in, and what happens when something goes wrong.

The below Bank Branch Register (provided in .txt and .xls formats) contains New Zealand bank branch numbers and related details. The register is primarily used by our Participants and corporate organisations to keep branch details up to date in their systems. It is updated each month with any additions or amendments notified since the last publication.


Please note that from the July 2016 Bank Branch Register, which will be published on 25 July 2016, the ‘Latest Status’ column of the register will only show ‘A’ for ‘Active’ and will no longer show ‘C’ for ‘Closed’. Going forward, all physical branch closures will be represented by deletion of their physical address from the register.  This change to the register is to address a legacy issue in how different organisations and industry members interpret the use of this column. The change will not impact the processing of payments to any branch number as industry procedures exist to address this.

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