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 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.