ZA EFT Requirements
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ZA EFT (ZA ACH) payments are used to move funds within South Africa. All transfers must be in ZAR.
For NetSuite users, the Entity Bank Details bundle is required to process ZA ACH payments through the plugin.
Key Terms
Below are some key terms to make navigating the instructions and set-up for BECS 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. |
Vendor Record & Bill Requirements
Please include the following required information for all payments to avoid potential delays or returns.
The entity's full name
Account number (11-13 digits)
SWIFT/BIC Code
Address
Payment Requirements
Payment Context:
Method: Domestic
Country: South Africa
Currency: ZAR