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Approver
Business Internet Banking

Features

An approver is the one who has the authority to approve the transactions submitted by the initiator. An approver can authorize only those transactions which are within his upper limit. Following functions are available to an approver:

Approve Domestic Payments

Approve International Payments

Approve Own Account Transfer

Balance Enquiry

Exception Report

Payment Report

Account Statement

Approval Report

Approve Domestic/International Payments

Every transaction submitted by the initiator has to be authorized before it is sent to GTBank UK for payment processing. An approver can do any of the following to a transaction:

1) Leave a transaction on hold
2) Authorize a transaction
3) Decline a transaction

An approver can authorize or decline all transactions by clicking on ‘Authorize’ or Decline button. For every declined transaction, the approver is required to log the reason of decline in the comments field. During authorization, the system validates the amount of transaction(s) selected for approval against the current upper limit of the approver. After authorizing or declining transactions, click on the ‘Submit’ button to submit the selected transactions. During submit, the system checks the number of approvals required for each batch at different approval levels and accordingly sends email notifications to the next level. Once a batch is approved by the required number of approvers the system sends an email notification to the Relationship Manager to inform him about approved transactions.

Approve Own Account Transfer

This function is used to approve own account transfers. An approver can authorize or decline the transaction by clicking on ‘Authorize’ or Decline button. For every declined transaction the approver is required to log the reason of decline in the comments field. The system validates the amount of transaction(s) selected for approval against the current upper limit of the approver. After authorizing or declining transactions, click on the ‘Submit’ button to submit the selected transactions. During submit, the system checks the number of approvals required for each batch at different approval levels and accordingly sends email notifications to the next level. Once a batch is approved by the required number of approvers the system sends an email notification to the Relationship Manager to inform him about approved transactions.

Balance Enquiry

This functionality is used to view the book and available balances of all the bank accounts that the customer holds. To view the transactions done from an account within a specific period of time, click on the account number and select the start and end dates. You will be presented with a list of debit and credit transactions or entries done out of the selected account.

Payment Report

Payment report displays the payment status of approved transactions. A transaction can have either “Successful” or “Unsuccessful” status. If a payment fails or is unsuccessful, click on the ““Failed Details” link to view the reason(s) of failure. The “Remarks” column of the report shows timelines required by the bank to process a successful transaction. The timelines are different for CHAPS, FPS, International and GTBank transactions. With this report, users can see details of transactions’ payment status.

Account Statement

This allows the approver to generate and view statement of accounts. To use this function, select an account and “From” and “To” dates and click on “Go.” You will be presented with the opening balance, as well as a list of transactions made out of that account within the specific period of time.

Approval Report

This report shows the transactions approved or declined within a specific period of time. It comes with two report options:

1) All: If the approver selects “All” from the drop down report option, he can view the transactions approved or declined by all the approvers including him.

2) Approver’s Name: If the approver selects his name from the drop down option, he can view the transactions approved or declined by him only.

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For comments, complaints and enquiries on our Online Banking Service, kindly contact us in any of the following ways:

• Visit our website at www.gtbankuk.com and leave us a message using the button
• Call us on +44 (0) 207 947 9700 Mondays to Fridays except bank holidays between 9am and 5pm British Time
• Email us at customerservices@gtbankuk.com