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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.

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