Mexico Funding Accounts - Classic

Debit Authorization

Prior to setting up a funding bank account you must authorize your bank to accept debits from Concur to your funding bank account. The documents you use and the process you follow are specific to the country in which your bank account is domiciled.

Payment Cycle

Expense Pay uses a 3-day pay cycle:

Day 0: Payment demands are created for expense reports reaching Processing Payment status prior to the beginning of the ONP period.

Day 1: The payment demands are sent for processing. You initiate a TEF payment to your prefund bank account

Day 2: The required funds settle in your prefund bank account. Expense Pay initiates payments to employees’ and corporate card provider’s bank account.

Day 3: Payment settles in employees’ and corporate card provider’s bank accounts.

Payment Cycle - Prefund

Day 0: Day 0 is the day configured in the Batch Definition Schedule, indicating the Overnight Processing (ONP) period that processes the batch. Payment demands are created for expense reports reaching Processing Payment status prior to the beginningof the ONP period.

Day 1: Payment demands are sent for processing. Client is advised of the funding amount required to pay the corporate card and reimburse employees. Client initiates TEF payment to their prefund bank account.

Day 2: The required funds settle in the client's prefund bank account. Expense Pay initiates payment to employees' and corporate card providers' bank accounts.

Day 3: Payment settles in employees’ and corporate card provider’s bank accounts.

Prefund Setup
  1. Click Configure Batches. The Funding Accounts tab appears.
  2. Click New. The Funding Account window appears.
  3. Enter the Account Country and Account Currency. The Funding Type field automatically displays for countries that support pre-fund. Once the account is created, it can be used to reimburse employees and card issuers.
  4. Select the Pre-Fund Funding Type and fill in the remaining fields.
  5. When finished, click Request Prefund Account. The request status displays as Unconfirmed.

    The account may take up to five days to confirm. Once the account is created, the status changes to Complete. Re-opening the funding account page will show the full details

Bank Account Fields

Mexico Bank Account Fields

Field

Description

Account Country

Select the country the bank account is located in.

Account Currency

This field will display the account currency based on the selected Account Country. Swiss funding accounts can either use Swiss Francs or Euro.

Account Display Name

This name identifies the account.

Available For

Reimbursement managers in the selected groups will be able to access the funding account.

Active

Specifies whether this account is active or inactive.

Status

Status of the account.

Bank Name

Enter the name of the funding bank.

Branch Location

The branch identifier for the bank that the account was opened at. Can be a town, neighborhood or other identifier.

CLABE

A unique 18-digit number used to identify account holders.

Account Number

The account number of the bank.

SWIFT Code

Also known as SWIFT-BIC, BIC code and SWIFT ID, a SWIFT code is a standard format of Bank Identifier Codes. It is the unique identification code of a particular bank.

The SWIFT code is 8 or 11 characters, made up of:

4 characters - bank code (only letters)

2 characters - country code (only letters)

2 characters - location code (letters and digits)

3 characters - branch code, optional ('XXX' for primary office) (letters and digits)

Address Line 1

Postal address provided to the bank for this bank account.

Address Line 2

Postal address provided to the bank for this bank account. 

City

Postal address provided to the bank for this bank account.

Postal Code

Postal address provided to the bank for this bank account.

Primary Contact Name

Name of the primary contact person for the bank account.

Primary Contact Email

Contact email for the primary contact person for the bank account.

Primary Contact Phone Number

Phone number for the primary contact person for the bank account.

Secondary Contact Name

Name of the secondary contact person for the bank account.

Secondary Contact Email

Contact email for the secondary contact person for the bank account.

Secondary Contact Phone Number

Phone number for the secondary contact person for the bank account.

Receive Daily Funding Email

Specifies whether a funding email is sent out daily.

Bank Holidays

Expense Pay is affected by bank holidays in the following ways:

  • If a bank holiday occurs on Day 1 or Day 2 of the 3 day pay cycle, funding and payment are delayed by one banking day.

  • If a bank holiday falls on Day 3 of the 3-day pay cycle, payment is delayed by one banking day.

View bank holidays (English Only).