About Vendor Direct Deposits

With vendor direct deposits, you can create a NACHA compliant file that can be uploaded to your bank for automated payment processing. The vendor direct deposit payment option also includes the option to print file copies. Once you set up the bank account and vendors for direct deposit, you can start using direct deposit to pay vendor invoices. You also have the option to use a prenotification (prenote) to ensure the format of the direct deposit file is correct before making an actual direct deposit. If something happens to the direct deposit file, you can regenerate it in the bank register.

Note:

The direct deposit file format created supports US bank NACHA format only.