What is ABA file

Once you're in the bank you might also enquire about the ability to upload an ABA file into your trust account online banking. 

BookingTrust generates a file that can be uploaded to all Australian banks that automates the money transfer process. 

ABA stands for  Australian Bankers Association, it is a file format used by banks to allow for batch transactions. ABA file contains a list of all payees with their BSB and Account numbers and the amount that should be transferred to each payee. Uploading ABA file into your online banking facility will save you a lot of time and will automate the payment process. 

Please enquire about the ability to upload an ABA file to your NEW trust account as this feature usually needs to be activated by your bank. 

Note that ABA file is also called by some banks as  Direct Entry file.

 

I hope it all makes sense, but if you have any questions, please let me know.  

 

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from https://www.cemtexaba.com/aba-format/aba-file-overview

 

ABA Format File Overview

An ABA file format is also known as a Direct Entry file, a Cemtext file format or simply as an ABA file.

WHAT IS THE ABA FILE FORMAT?

Issued by the Australian Bankers Association (ABA) the ABA or Cemtext file format is a format used by banks to allow for batch transactions.

Whilst not a "standard" most Australian Banks have adopted this format by default. BlueChilli Web Apps have built ABA exports for clients who use banks such as Bank of Queensland, NAB and Westpac.

An ABA file format is also known as a Direct Entry file, a Cemtext file format or simply as an ABA file. An ABA file has the extension ".aba" and is (usualy) a standard ASCII format.

Try our ABA file generator today!

WHY WOULD YOU USE AN ABA FILE?

The ABA file format is generally used to process "batches" of transactions. If you have a payroll system, you can upload a "batch" of all your transactions to be processed in one hit.

You would therefore use an ABA file if you want to save time doing groups of transactions.

A recent client was manually entering payroll transactions and taking up to an hour a day to do this. After integrating the Blue Chilli Technology ABA export function, this was reduced to 30 seconds with an ROI of just a few months.

Many accounting packages include an ABA file format - but what if you use your own payroll system? Or if you have your own custom e-commerce site? With Blue Chilli Technology's ABA file export function, you can now do these batch transactions autonomously

ABA FILE EXAMPLE

If you want to find out more about the Cemtext ABA / Direct Entry file format, visit Cemtext ABA file format details for a full transcript of this format.

HOW DOES A BATCH TRANSACTION WORK?

Once you've created an ABA file using our script or our ABA file generator, you can upload it to your bank through their online login.

Your bank will then process each entry in the ABA file automatically.