Direct credit income account
All bank transfers relating to your school should be paid into the Direct Credit Income (DCI) account.
When you receive BACS/Faster Payments income into 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 that DCI accounts sweep into the OCC Main Fund Account daily. 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 payments into the council’s main fund account.
If a payer insists on paying directly into 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 expect income for your school into 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 into your imprest/local expenditure bank account.
Cash and cheques
Cash and cheques must always be banked into the OCC County Fund Head Office Collection Account (HOCA) using a paying-in book. 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.