ACH

ach payments are used to move funds within the united states only and must always be in usd once you initiate a payment in your erp, it is securely sent to the bank via api payments must be submitted before the 18 30 (6 30 pm) est cut off time for netsuite users, the entity bank details bundle is required to process ach 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 and address (including city and country) 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 destination country and match the country specified in the entity bank details record currency the currency for the entity bill must be in usd payment requirements payment context method domestic country united states currency usd requirement information routing number is mandatory for both the payer and the payee account number is mandatory for both the payer and the payee sec codes payments will be processed using ppd, ccd, or ctx codes, depending on the bill structure approval flow payments require authorization on hsbcnet if a payment is not authorized within 35 days , it will fail with the status payment was not authorized with hsbc