---
title: EFT Requirements
slug: bmo/eft-requirements
description: Learn the requirements for making EFT payments in Canada through the plug with this comprehensive document. Ensure your Vendor record includes the necessary details such as full name, address, and phone number. 
docTags: UiSYprNRxYqA1wuv3pLYe
createdAt: 2022-08-02T19:47:13.000Z
---

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.

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## Vendor & Bill Requirements

To prevent payment delays or returns, all payments are required to have the following three requirements:

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### Vendor Record

The Entity's full legal name, address, and phone number must be accurately populated on the Vendor record.
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### 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.
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### Currency

The currency for the Entity Bill must be in CAD or USD.
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## Payment Requirements

**Payment Context**

- **Method: **Domestic
- **Country:** Canada
- **Currency:** CAD or USD

**Requirement Information**

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**Transit Number** is mandatory.
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**Institution Number** is mandatory.
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**Account Number** is mandatory.
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**Payer Account Number** must be 7 digits.
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**Destination Account Number** can be up to 12 digits.
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