Nedbank account holders, please take special care when populating Account Type
An incorrect account type will result in failed bank verification and thus unnecessary delays in the release of TERS payments.
All new 11-digit Standard Bank of SA account numbers must be submitted with branch code 051001
11-digit Standard Bank account numbers not submitted with branch 051001 will be rejected irrespective whether the account number in question is a Valid Standard Bank account number or not.
Please, insert either the Enterprise number ( CK / CIPC ) or the ID number of the bank account holder in the TERS on –line portal , in order for further payments to be authorised by the UIF. The ID number of the account holder will only be accepted if the Employer is not required to have the ENTERPRISE NUMBER ( CK / CIPC )
The process to capture the Enterprise Number/ Employer ID Number as follow:
The above is required to verify all banking details before any TERS payments is authorised
Failure to do so will result in further delays in your payment process.Regards