Equipment to facilitate money transfers into bank accounts

A system for conducting a money transfer, the system comprising:

• a point-of-sale device;
• and
• a host computer system configured to:
• receive from the point-of-sale device, a transaction identifier indicating a bank account, wherein:
• funds are to be deposited into the bank account;
• the transaction identifier includes a bank account number associated with the bank account;
• and
• the transaction identifier is a length of digits;
• determine the transaction identifier is a complete transaction identifier if the length of digits of the transaction identifier is a first length of digits;
• create the complete transaction identifier if the length of digits of the transaction identifier is a second length of digits, wherein:
• the complete transaction identifier is created using the bank account number, and at least one of:
• a bank identifier associated with the bank account, and
• a bank location number of the bank associated with the bank account;
• and
• initiate the money transfer using the complete transaction identifier.

A computer program product residing on a non-transitory computer-readable storage medium for conducting a money transfer, the computer program product comprising computer-readable instructions configured to cause a processor to:

• receive a transaction identifier indicating a bank account, wherein:
• funds are to be deposited into the bank account;
• the transaction identifier includes a bank account number associated with the bank account;
• and
• the transaction identifier is a length of digits;
• receive, from a user sending the money transfer via the point-of-sale device, an indication of a name of the bank associated with the bank account where the funds are to be deposited;
• receive, from the user sending the money transfer via the point-of-sale device, an indication of a location of the bank associated with the bank account where the funds are to be deposited;
• determine the bank identifier associated with the bank account based on the indication of the name of the bank received from the user sending the money transfer;
• determine a plaza number associated with the bank account based on the location of the bank received from the user sending the money transfer, wherein the complete transaction identifier is created using the plaza number;
• create the complete transaction identifier if the length of digits of the transaction identifier is a first length of digits, wherein:
• the complete transaction identifier is created using the bank account number, a bank identifier associated with the bank account, and a bank location number of the bank associated with the bank account;
• and
• initiate the money transfer using the complete transaction identifier.