---
title: NZ EFT Requirements
slug: jpmorgan/nz-eft-requirements
docTags: 
createdAt: 2023-11-01T00:12:49.800Z
---

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**COMING SOON!**
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NZ BECS payments are used to move funds within New Zealand. All transfers must be in NZD.

For NetSuite users, the Entity Bank Details bundle is required to process NZ BECS payments through the plugin.

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## Key Terms

Below are some key terms to make navigating the instructions and set-up for BECS payments easier!

| **Term**              | **Definition**                                                                                                                                                                           |
| --------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| **Two Digit Bank ID** | The Bank ID is used to identify which specific bank or financial institution an account is held.                                                                                         |
| **Branch Code**       | The branch code is a unique set of numbers, combined with the two digit bank ID to identify a bank branch or financial institution location. The branch code should be a 4-digit number. |

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## Vendor Record & Bill Requirements

Please include the following required information for all payments to avoid potential delays or returns.

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The entity's full name
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Account number
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Two Digit Bank ID
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Branch Code
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Bank Account Address
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## Payment Requirements

**Payment Context:**

**Method**: Domestic

**Country**: New Zealand

**Currency:** NZD