Bank Account Numbers (NZ)

PICMI stores bank account numbers in the standard New Zealand format used for payroll processing. To ensure compatibility with payroll providers and payment file formats, PICMI uses a two-digit suffix for bank accounts.

note

In the case of a bank account with a suffix of with three digits (for example 097), enter the last two digits only (97).

When entering bank account details in PICMI, applicants and administrators should enter the account number in the following format: BB-BBBB-AAAAAAA-SS

Where:

Part	Description
BB	Bank code
BBBB	Branch code
AAAAAAA	Account number
SS	Account suffix (last two digits)

Example:

02-0340-0008252-09

PICMI stores and reports the bank account exactly as entered using this format.

Why PICMI Uses Two-Digit Suffixes

Although some New Zealand bank accounts may display a three-digit suffix, most payroll systems and bank payment file formats only support two-digit suffix fields.

PICMI integrates with multiple payroll providers. To ensure exported payroll data works reliably across all providers, PICMI standardises on two-digit suffixes.

For accounts that appear with three digits (for example 097), users should enter the last two digits only (97).

Entering Your Bank Account

When entering your bank account details:

1. Use the New Zealand bank account format.
2. Enter the last two digits of the suffix.
3. Check the account carefully before submitting.

Example:

Displayed Account	Enter in PICMI
02-0340-0008252-097	02-0340-0008252-97

FAQs

Why does PICMI only allow two-digit suffixes?

+

My bank account shows a three-digit suffix. What should I enter?

+

Has PICMI removed a digit from my bank account?

+

Why does my bank statement show three digits but PICMI only shows two?

+

Will my payments still go to the correct account?

+

What happens if I enter three digits?

+