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EFT Info (US) Subtask

Use this subtask of the Manage Vendors screen to add or update Electronic Funds Transfer (EFT) information pertaining to your vendors and their banks in the US.

You must set up your vendors on the Manage Vendors screen before using this subtask. You must complete this subtask before you transfer payment to your vendors via EFT. 

You must have rights to this screen to add new EFT information or to update an existing vendor's EFT bank information.

Contents

Field Description
Address Code

This non-editable field displays the address code from the main screen.

Use Bank ID/Bank Acct/ACH Code from Employee's Direct Deposit Banks

If this vendor is an employee, select this check box to use the bank ID/bank account/ACH code from the employee's direct deposit banks.

Note: Your selection in this check box is only used for filtering purposes and will not be saved.
Bank ID

Enter, or click to select, the ABA number of the bank to which you will send the EFT transfers for this vendor address.

Bank Account

Enter the bank account number used for EFT transfers. If the vendor is an employee, you can use the lookup to select the bank account number.

Non US Bank Account

Enter the bank account number of a bank outside the United States.

Bank Reference

Enter the bank reference number used for EFT transfers.

Originator ID Code

Enter the unique code that was assigned by the receiving company. It is used within the N1 data segment to identify the sender within the 820 detail record that is sent to the bank. When you enter a value in this field, it should be at least 2 characters in length.

IBAN Code

Enter an International Bank Account Number (IBAN). Use only upper-case characters.

SWIFT Code

Enter the SWIFT Code.

ACH Code

For EFT transfers, select one of the following values from the drop-down list:

  • 22 Live Checking Account
  • 23 Prenote Checking Account
  • 32 Live Savings Account
  • 33 Prenote Savings Account
Intermediary Bank ID

Enter, or click to select, the Intermediary Bank ID. The list of intermediary banks are maintained on the Manage Intermediary Banks screen.

EFT Active

This check box is disabled. It corresponds to the US EFT Active check box in the Addresses subtask.

Print EFT Advice

Select this check box to print the EFT advice. If you clear this check box, no advice prints, but the record is still included in the created EFT file.

Email EFT Advice

Select this check box to email the EFT advice. This check box is enabled only if you selected the US EFT Active check box. You can select both Email EFT Advice and Print EFT Advice.

EFT Pmt Type

Use this field to enter information regarding non-U.S. EFT only. This field identifies the EFT file format to be used for all payments for this vendor address. You must enter a payment type here if you are using a custom version of the Create EFT File screen that uses EFT payment types.

Password

Enter a valid password to update the record. If payment security is turned on via the Configure Accounts Payable Settings screen and making changes to a vendor requires a password, you must enter a password if you make changes to the following:

  • Bank ID
  • Bank Account
  • Non-US Bank Account
  • EFT active flag
  • Print EFT advice
  • ACH code