UK FPS Requirements

coming soon! uk faster payments (fps) are used to move funds in near real time within the united kingdom all transfers must be in gbp for netsuite users, the entity bank details bundle is required to process uk fps payments through the plugin key terms below are some key terms to help you navigate the instructions and setup for uk fps payments more easily term definition sort code this is a 6 digit numeric code used as a unique identifier for financial institutions this code is used for banks within the united kingdom and ireland 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 name and address 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 payment requirements payment context swift bic country code gb method domestic country united kingdom currency gbp requirements provide a non iban account number and the sort code