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EFT Info (Non-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 outside the United States.

You must set up your vendors on the Manage Vendors screen before using this subtask.

Note: You can create only ACH files for International ACH Transactions (IAT) for non-US banks directly in Costpoint. Third-party tools are needed to create other types of EFT files for non-US banks. You may also use the fields in this subtask to store EFT bank information only. Update the information in this subtask as needed.

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.

Non-US Bank ID

Enter the non-US Bank ID to which you will send the EFT transfers for this vendor address.

Non-US Bank Account

Enter the bank account number used for EFT transfers.

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. This field is optional, but once you enter a value, 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

Select the transaction code to be entered in positions 02-03 of the Entry Detail Record in the ACH file. It identifies the transaction as a credit, and the type of account the transaction is intended for.

The options are:

  • '22' Live Checking Account: Select this option to indicate a credit to a live checking account.
  • ‘23’ Prenote Checking Account: Select this option to indicate a credit to a prenote checking account.
  • ‘32’ Live Savings Account: Select this option to indicate a credit to a live savings account.
  • ‘33’ Prenote Savings Account: Select this option to indicate a credit to a prenote savings account.

You must first select the Non-US EFT Active checkbox on the Addresses subtask for you to be able to save the ACH Code you selected. If you select an ACH Code but the Non-US EFT Active checkbox is cleared, the ACH Code defaults to None when you save the record.

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 (Non-US Bank)

This non-editable checkbox reflects the selection of the Non-US EFT Active checkbox in the Addresses subtask.

Print EFT Advice

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

Email EFT Advice

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

EFT Pmt Type

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:

  • Non-US Bank ID
  • Non-US Bank Account
  • EFT Active (Non-US Bank)
  • Print EFT advice