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 via netsuite all ach payments must have a source account located within the us and have a currency of usd netsuite vendor requirements company name (max 140 chars) type (company or individual) a us address, without the use of the override feature the company name, type, and address of the vendor are required to be populated this information lives on the vendor record and resides in default fields as part of the base netsuite the phone number is optional it is unacceptable to use the override feature on the address, as this can interfere with extracting accurate address information note print on check as will be used as the vendor name when populated this is the beneficiary name that will be transmitted in any remittance netsuite vendor bank account requirements for netsuite users, the fispan 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 " summary of requirements method = domestic country = united states currency = usd the account must be marked as "primary" type of accounts (default = 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 summary of requirements 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 a screenshot from netsuite noting that amount, currency, approval status (approved) and the billing country is required