EFT Requirements
EFT payments are used to move funds within Canada. All transfers must be in CAD or USD.
For NetSuite users, the Entity Bank Details bundle is required to process EFT payments through the plugin.
Vendor & Bill Requirements
To prevent payment delays or returns, all payments are required to have the following three requirements:
Vendor Record
The Entity's full legal name, address, and phone number must be accurately populated on the Vendor record.
Billing Address and Location
The Entity and Bill (if applicable) Billing Addresses must be located in the country of destination and must match the country specified in the Entity Bank Details record.
Currency
The currency for the Entity Bill must be in CAD or USD.
Payment Requirements
Payment Context
- Method: Domestic
- Country: Canada
- Currency: CAD or USD
Requirement Information
Transit Number is mandatory.
Institution Number is mandatory.
Account Number is mandatory.
Payer Account Number must be 7 digits.
Destination Account Number can be up to 12 digits.