---
title: SG EFT Requirements
slug: jpmorgan/sg-eft-requirements
docTags: 
createdAt: 2023-11-01T00:13:00.040Z
---

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SG ACH payments are used to move funds within Singapore. All transfers must be in SGD.

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

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## Key Terms

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

| **Term**           | **Definition**                                                                                                                                                                                                                                                                                |
| ------------------ | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| **SWIFT/BIC code** | Bank Identifier Code (BIC) also referred to as a SWIFT code consists of 8 (primary) to 11 (primary and branch code) alphanumeric and is used as a unique identifier for financial institutions. Please note: If a BIC is not known, the full name and address of the bank should be provided. |
| **Purpose Code**   | Singapore ACH uses purpose codes to categorize different types of transactions. Purpose codes are used to identify the nature of transactions for reporting purposes.                                                                                                                         |

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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 (11-13 digits)
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SWIFT/BIC Code
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Local Branch Code
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Address
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Purpose Code
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## Payment Requirements

**Payment Context:**

**Method**: Domestic

**Country**: Singapore

**Currency:** SGD