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