ACH Requirements

ach payments are used to move funds within the united states only and must always be in usd 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, 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 usd payment requirements payment context method domestic country united states currency usd requirement information routing number is mandatory account number is mandatory ach payments via netsuite to ensure seamless ach processing, all payments must have a source account located within the us and have a currency of usd netsuite vendor record requirements the following fields must be accurately populated on the vendor record in netsuite company name max 140 characters type company or individual address must be a valid us address important do not use the override feature on the address, as it can interfere with the extraction of accurate address information phone number optional the company name, type, and address of the vendor are required this information lives on the vendor record and resides in default fields as part of the base netsuite note print on check as will be used as the vendor name when populated this is the beneficiary's name that will be transmitted in any remittance netsuite vendor bank account requirements for netsuite users, the entity bank details bundle is required to process ach payments through the plugin to learn more about this bundle, use the menu on the left to navigate to the netsuite plugin setup once installed, this bundle can be accessed via the vendor record under the tab entity bank details the following fields must be accurately populated method domestic country united states currency usd the account must be marked as primary type of accounts default is checking account number expected between 5 and 18 digits routing number exactly 9 digits netsuite bill requirements in order to be eligible for payment, netsuite bills must be in an open state and marked as approved the following fields must be accurately populated state open approval status approved for ach payments, the billing address must be in the us, and the override toggle may not be checked for the address on the bill for ach payments, only bills in usd are acceptable the reference no must be no greater than 35 characters the memo must be no greater than 140 characters, if provided