Set Up Direct Deposit and NACHA Electronic Funds Transfer Information

To use electronic funds transfers (EFTs) for processing direct deposit payments for payroll and employee expenses and for accounts payable EFT payments to vendors, you must set up the EFT information for the banks from which these payments will be made.

You can enter EFT information when you create a new bank code or add the information for an existing bank code at any time.

To set up EFT information for a bank, complete the following steps:

1. From the Vision Navigation menu, click Configuration > Accounting > Banks.
2. On the Bank Codes form, add a new bank code or open an existing bank code.
3. Open the NACHA File Format tab, and complete the fields on the tab.
4. Click Save.