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What is the Payment Set Number in HSBC Bank?

This article explains what the HSBC Payment Set Number is and how it applies to payroll centers paying salaries through HSBCnet.

Audience & Scope

Audience: HR Admin

Module: Payroll

Country: Malaysia & Singapore

Pre-requisites: Access to HR Lounge Payroll module

 

If your company uses HSBC Bank for salary payments through the HSBCNet portal, you may need to provide a "Payment Set Number" for your payroll center. The "Payment Set Number" typically begins with C01, C02, C03 or E01, E02, E03 and so on.

For example, if your first payroll center uses HSBC Bank, your initial "Payment Set Number" will be C01/E01. If you create an additional payroll center using the same HSBC Bank, the next "Payment Set Number" will be C02/E02, followed by C03/E03, and so forth.

NOTE:

Failure to provide the correct Payment Set Number can result in errors during the bank text file upload in the HSBCNet portal.

 

How to Configure a "Payment Set Number"

1) HSBC Bank Malaysia Berhad

  • Click into Settings > General and scroll down to Bank Account
  • At the Bank Account, select HSBC Bank Malaysia Berhad.
  • A field titled "Payment Set Number" will appear.

  • Click on the field and select the appropriate number from the drop-down menu (e.g., C01).

  • After selecting the number, click Save to apply the changes.
  • You can now generate and use your HSBC bank text file after completing your monthly payroll.

 

2) HSBC Corporate (Singapore)

  • Click into Settings > General and scroll down to Bank Account
  • At the Bank Account, select HSBC (Corporate)
  • A field titled "Payment Set Number" will appear.


  • Click on the field and select the appropriate number from the drop-down menu (e.g., E01).


  • After selecting the number, click Save to apply the changes.
  • You can now generate and use your HSBC bank text file after completing your monthly payroll.

 

Last Updated by:

Arveena