CORPnet Mobile App

CORPnet Mobile Application - Frequently Asked Questions

CORPnet is an internet banking facility of BRAC Bank for its corporate clients which can be used by the approvers for approvals.

a. Internal Fund Transfer (IFT): 24/7 payments from your BRAC BANK account to other BRAC BANK accounts with real time settlement.

b. External Fund Transfer (EFT): 24/7 payments from your BRAC BANK account(s) to other bank accounts. Settlement will be as per Bangladesh Bank’s guideline.

c. Real Time Gross Settlement (RTGS): Make payments from your BRAC BANK account(s) to other bank accounts using Bangladesh Bank’s RTGS channel. Transaction(s) will be settled in real time within Bangladesh Bank’s cut-off time.

d. Pay Order Issuance: Give PO issuance request from CORPnet and collect from designated delivery location.

e. A-Challan: Pay all types of government dues — VAT, Tax, and Customs Duty — directly from CORPnet.

f. Direct Debit: Automated pulling of funds from company’s account(s) held with other banks or from beneficiary’s accounts. Both ad-hoc basis and standing instruction-based pulling can be done.

g. MFS: CORPnet supports mass disbursement to mobile financial service wallets (only bKash) 24/7 instantly. The payments are processed in real time.

h. Utility Bills: Enjoy seamless utility bill payments in CORPnet with DPDC, DESCO, and WZPDCL features. Additional billers will also be incorporated.

i. Virtual Accounts: Create “n” number of virtual accounts against your real account to ease collection reconciliation.

j. Cheque Inventory Management & Positive Pay: Check the status of all cheques issued against your company and give positive pay instruction.

a. Internal Fund Transfer (IFT)

b. External Fund Transfer (EFT)

c. Real Time Gross Settlement (RTGS)

d. Pay Order Issuance

e. A-Challan

f. Direct Debit

g. MFS

h. Utility Bills

i. Cheque Inventory Management & Positive Pay

j. Real-time account balance and transaction visibility

k. Configurable approval workflows and approval precedence

l. Push notifications for transaction events

m. MIS reporting

n. Biometric, QR, and token-based login

o. Device-level security with session binding

• Secured platform: Platform has been incorporated with two factor authentication and certified by Deloitte.
• User friendly interface: Platform has been designed to provide most convenient user interface to the client.
• Round the clock access: the platform can be accessed 24x7
• Global availability: scope of accessing the system and performing transactions from anywhere on the globe.
• Transaction details view: Real-time balance and transaction level information can be downloaded in multiple formats.
• Customer convenience: Customer has the freedom to upload batch for bulk processing. Multiple payment instructions can be processed through single spreadsheet.
• Digital solution: Absolutely paper less banking. No further signed copy instruction required to perform transaction; as everything will be done digitally.

The platform is free to use with no transactional and maintenance fees. But for each approver (person giving the final approval) a hardware/software token is mandatory through which OTP will be generated. There is a one-time charge applicable for software token and hardware token.

Token charge:

CORPnet mobile app can be found on Google Play Store and iOS App Store. Additionally, to operate the software token separate mobile app needs to be installed.

CORPnet users can initiate/approve transaction(s) from anywhere in the world. Currently, transactions cannot be initiated from CORPnet mobile application.

Yes, there is a web version for this application. Access it on https://bblcorpnet.bracbank.com/.

Yes, the user(s) can access from Android OS & Mac OS devices.

Yes, full audit trail is maintained, and users can check and view transactions from activity.

The approvers will be provided with a hardware token/software token from where they can generate an OTP. After OTP validation in the platform that transaction will be approved.

Currently there is no 2FA validation for login to CORPnet mobile app. However, 2FA validation is required during first time registration.

• The minimum number is 3 (one maker, one checker, and one approver) and the maximum number can be as per client’s requirements.
• The minimum number can be 2 as well if the client opts dual role for the same user. At present, a single user can have both Maker and Checker role or Checker and Approver role.
• The minimum number can be 2 as well if the client opts for H2H connectivity in which case they will only need a checker and an approver. The required number of users is subject to change depending on the board resolution of the client.

Approver: Will give final approval to the transaction.

Yes, a single user can get either Maker and Checker role or Checker and Approver role. No single user can have all the three roles.

Yes, the system is capable of SFTP integration with the company’s ERP or direct API connectivity.

Both hardware and software token are available. The user must choose either one for transaction approval.

No annual charges are implied on using CORPnet.

It is highly advised to use company domain email IDs. However, registration can also be done with any third-party e-mails (e.g. Gmail, yahoo, Outlook etc.) .

Yes, if the user is part of a group company and needs access to multiple concerns, he can register using the same e-mail ID and mobile number for all concerns.

Yes, please notify your Relationship Manager or send a mail to corpnetsupport@bracbank.com. You can also turn off notifications from the application itself.

Please send a mail to corpnetsupport@bracbank.com

Yes, they can.

Yes, they can.

Anyone can be an approver if he is an account signatory or added as an online signatory for CORPnet.

Yes, they can. Please send a mail to corpnetsupport@bracbank.com or leave your information in ‘Get a Call Back’ and our dedicated team will get back to you.