Direct credit income account
All bank transfers relating to your school should be paid in to the Direct Credit Income (DCI) account.
When you receive BACS / Faster Payments income in to your Direct Credit Income (DCI) account, it will be automatically posted to your school's cost centre in SAP.
If the income needs to be split between various codes on SAP you will have to do a journal via the IBC portal.
Please note, DCI accounts sweep in to the OCC Main Fund Account on a daily basis. You should not set up Direct Debits on your DCI account as there may not be funds in the account and you may go overdrawn.
OCC main account
Some payers, such as organisations paying grants, will only make payment in to the council’s main fund account.
If you have a payer insisting on paying directly in to the main fund account, you should provide the following account details; OCC County Fund Main Account – 00162197 – 30-00-02.
Do not provide the account details on your paying-in book as that account should only be used for banking cash and cheques.
If you are expecting income for your school in to the OCC County Fund Main Account you must notify the IBC of the SAP codes using the form below.
Failure to notify the IBC will result in your income being posted to an unidentified holding account.
Imprest / local expenditure bank accounts
You must not ask anyone to pay in to your imprest / local expenditure bank account.
Cash and cheques
Cash and cheques must always be banked into OCC County Fund Head Office Collection Account (HOCA) using a paying-in book ordered online. You must never provide the HOCA details to parents/customers as we cannot accept BACS / Faster Payments income into that account.
Further guidance on banking cash and cheques.