Whenever funds are to be paid out of a trust account a disbursement needs to be processed. The best practice is to process the disbursement in Re-Leased and then complete the payment of funds from your trust account. Running the disbursement produces a file which can be uploaded to your bank to process the transactions.

The purple tile within Trust Accounts will let you know the total number of bonds that are ready to be disbursed and also the number of bonds that are ready to be refunded.

Click Trust Accounts 

Click Disburse Funds

Select the relevant Disbursement Profile for bonds. It's recommended to have a separate profile for Bonds or Bonds & Creditors.

Tick the box for the Bank Reconciliation Completed?

Click Save and Continue.

Any bonds available to be disbursed or refunded will appear within this screen, simply untick any bonds that you don't wish to disburse. If you've selected BPAY as the default method for payments to the relevant Bond Authority Contact, BPAY will be selected by default in the Method dropdown selector. This can be changed at this point if not.

Click Save and Continue. 

The summary screen will show the total number of payments being processed and the method of payment: BPAY, Electronic Funds Transfers or Payments by Cheque. Click Save and Continue 

Make sure the right BPAY File Format is selected, then click Download Bank File (BPAY File) for uploading to the bank. Click Save and Continue to complete the process.

Depending on the setup of the Disbursement Profile, reports will generate in the background and you'll be emailed when they are ready. A creditor remittance can also be automatically generated and sent off, or can be viewed first before being sent from Re-Leased.