Global ACH (GACH) Requirements
Global ACH (GACH) Payments are typically cross-currency transactions. Funds are converted from a USD Debtor Account to the supported local currency of the destination country. Payments may also originate from an SVB-US Multi-Currency Account (MCA); however, the payment currency must match the currency of the MCA.
From IBANs in Europe to local branch codes in Asia, each region has unique standards to ensure accuracy and compliance. Understanding these requirements streamlines your transactions, helps avoid delays, and ensures funds reach their intended recipients.
NOTE: To ensure timely processing, initiate payments before the 1:00 PM PST cut-off. Payments submitted after this time, or during bank holidays, are systematically held and will be released on the following business day.
Key Terms
Review the following key terms used throughout this document.
Term | Definition |
|---|---|
Local Clearing Code (BSB) | A 6-digit number in Australia that identifies a specific bank and branch for domestic transfers, serving as a national sort code to route funds correctly, and is typically found on statements or in online banking. |
Purpose of Payment Code (POP) | A mandatory code for regulatory reporting required by certain destination countries (e.g., Canada, Hong Kong, UAE). |
Kundle ID (KID) | A specific reference number required for payments destined for Norway. |
IBAN | A standard international numbering system developed to identify an individual’s account at a financial institution. The structure consists of a two-letter country code, followed by two digits and up to 30 alphanumeric characters. |
SWIFT/BIC code | Also referred to as a SWIFT code consists of 8 (primary) or 11 (primary and branch code) alphanumeric characters and is used as a unique identifier for financial institutions. |
Vendor and Bill Requirements
For NetSuite users, the Entity Bank Details bundle is required to process Global ACH payments through the plugin.
To prevent payment delays or returns, all payments are required to have the following information:
Vendor Record
The Entity's full name and Address (Address Line 1), City, and Country are required.
NOTE: If the beneficiary is an individual, avoid using initials in the Vendor's name to avoid processing delays.
Billing Address and Location
The Bill, Vendor, and Entity bank Account Address (stored in the FISPAN Bank Details record) must have the destination country accurately listed. If an Entity has multiple Bank Accounts stored, then the Address of the Bill must match the destination bank account's country.
NOTE: The name and address of the destination bank account should be entered in the bank account's record.
Currency
The Bill and the destination bank account must use one of the supported local currencies for the destination country (e.g., CAD for Canada, or HKD/CNH/CNY for Hong Kong).
For payments from a Multi-Currency Account (MCA), the payment currency must match the MCA currency.
Payment Method
To ensure your payment is correctly routed via local clearing systems (Global ACH), you must select the appropriate method within your ERP during the setup or payment process:
NetSuite:
- In the Entity Bank Details record, the Method field must be set to International.
- When processing the payment for Open Bills, you must select GLOBAL_ACH in the plugin's payment method dropdown.
Intacct and Business Central 365:
- When configuring the Vendor Bank Account or selecting the payment method for a bill, you must select GLOBAL_ACH. This ensures the plugin identifies the transaction as a Global ACH payment.
Additional requirements may apply depending on the destination. Please review the country-specific requirements listed below.
North America
Canada
Payment Context
- Swift BIC Country Code: CA
- Method: International
- Currency Code: CAD
Requirements
BIC Code is mandatory.
IBAN is mandatory.
Purpose of Payment Code (POP) is mandatory.
Branch Transit Number (5 digits) is required on the Vendor record.
Financial Institution Number (3 digits) is required on the Vendor record.
Purpose of Payment is required on the Vendor record.
Mexico
Payment Context
- Swift BIC Country Code: MX
- Method: International
- Currency Code: MXN
Requirements
BIC Code is mandatory.
CLABE (18 digits) is mandatory.
Purpose of Payment is required on the Vendor record.
Asia-Pacific
Australia
Payment Context
- Swift BIC Country Code: AU
- Method: International
- Currency Codes: AUD, NZD
Requirements
BIC Code is mandatory.
Account Number is mandatory.
BSB Code (3 digits) is mandatory when paying in AUD.
Purpose of Payment is required on the Vendor record.
New Zealand
Payment Context
- Swift BIC Country Code: NZ
- Method: International
- Currency Codes: NZD, AUD
Requirements
BIC Code is mandatory.
Account Number is mandatory.
Bank Code (6 digits) is required on the Vendor record.
Purpose of Payment is required on the Vendor record.
Hong Kong
Payment Context
- Swift BIC Country Code: HK
- Method: International
- Currency Codes: HKD, CNH, CNY
Requirements
BIC Code is mandatory.
Account Number is mandatory.
Purpose of Payment Code (POP) is mandatory when paying in HKD.
Bank Code (3 digits) is required on the Vendor record.
Purpose of Payment is required on the Vendor record.
Singapore
Payment Context
- Swift BIC Country Code: SG
- Method: International
- Currency Code: SGD
Requirements
BIC Code is mandatory.
Account Number is mandatory.
Purpose of Payment Code (POP) is mandatory.
Purpose of Payment is required on the Vendor record.
Middle East
Israel
Payment Context
- Swift BIC Country Code: IL
- Method: International
- Currency Codes: ILS, EUR
Requirements
BIC Code is mandatory.
IBAN is mandatory.
Purpose of Payment Code (POP) is mandatory when paying in ILS.
United Arab Emirates
Payment Context
- Swift BIC Country Code: AE
- Method: International
- Currency Code: AED
Requirements
BIC Code is mandatory.
IBAN is mandatory.
Purpose of Payment Code (POP) is mandatory.
Purpose of Payment is required on the Vendor record.
United Kingdom
United Kingdom
Payment Context
- Swift BIC Country Code: UK
- Method: International
- Currency Codes: GBP, EUR
Requirements
BIC Code is mandatory.
Bank Account Number + Bank Sort Code (6 digits) are required when paying in GBP
or
IBAN is required when paying in EUR
Purpose of Payment is required on the Vendor record.
Guernsey
Payment Context
- Swift BIC Country Code: GG
- Method: International
- Currency Code: EUR
Requirements
BIC Code is mandatory.
IBAN is mandatory.
Purpose of Payment is required on the Vendor record.
Isle of Man
Payment Context
- Swift BIC Country Code: IM
- Method: International
- Currency Code: EUR
Requirements
BIC Code is mandatory.
IBAN is mandatory.
Purpose of Payment is required on the Vendor record.
Jersey
Payment Context
- Swift BIC Country Code: JE
- Method: International
- Currency Code: EUR
Requirements
BIC Code is mandatory.
IBAN is mandatory.
Purpose of Payment is required on the Vendor record.
Europe
Czech Republic
Payment Context
- Swift BIC Country Code: CZ
- Method: International
- Currency Code: CZK
Requirements
BIC Code is mandatory.
IBAN is mandatory.
Purpose of Payment is required on the Vendor record.
Romania
Payment Context
- Swift BIC Country Code: RO
- Method: International
- Currency Code: RON
Requirements
BIC Code is mandatory.
IBAN is mandatory.
Purpose of Payment is required on the Vendor record.
Denmark
Payment Context
- Swift BIC Country Code: DK
- Method: International
- Currency Codes: DKK, EUR
Requirements
BIC Code is mandatory.
IBAN is mandatory.
Purpose of Payment is required on the Vendor record.
Norway
Payment Context
- Swift BIC Country Code: NO
- Method: International
- Currency Codes: NOK, EUR
Requirements
BIC Code is mandatory.
IBAN is mandatory.
Kundle ID is optional.
NOTE: To include a KID in the payment file, it must be entered in the Bill Memo field using the exact format: KID:1234567890 (prefix "KID:" followed by the number)
Purpose of Payment is required on the Vendor record.
Poland
Payment Context
- Swift BIC Country Code: PL
- Method: International
- Currency Codes: PLN, EUR
Requirements
BIC Code is mandatory.
IBAN is mandatory.
Purpose of Payment is required on the Vendor record.
Sweden
Payment Context
- Swift BIC Country Code: SE
- Method: International
- Currency Codes: SEK, EUR
Requirements
BIC Code is mandatory.
IBAN is mandatory.
Purpose of Payment is required on the Vendor record.
Switzerland
Payment Context
- Swift BIC Country Code: CH
- Method: International
- Currency Codes: CHF, EUR
Requirements
BIC Code is mandatory.
IBAN is mandatory.
Purpose of Payment is required on the Vendor record.
Andorra
Payment Context
- Swift BIC Country Code: AD
- Method: International
- Currency Code: EUR
Requirements
BIC Code is mandatory.
IBAN is mandatory.
Purpose of Payment is required on the Vendor record.
Austria
Payment Context
- Swift BIC Country Code: AT
- Method: International
- Currency Code: EUR
Requirements
BIC Code is mandatory.
IBAN is mandatory.
Purpose of Payment is required on the Vendor record.
Belgium
Payment Context
- Swift BIC Country Code: BE
- Method: International
- Currency Code: EUR
Requirements
BIC Code is mandatory.
IBAN is mandatory.
Purpose of Payment is required on the Vendor record.
Bulgaria
Payment Context
- Swift BIC Country Code: BG
- Method: International
- Currency Code: EUR
Requirements
BIC Code is mandatory.
IBAN is mandatory.
Purpose of Payment is required on the Vendor record.
Croatia
Payment Context
- Swift BIC Country Code: HR
- Method: International
- Currency Code: EUR
Requirements
BIC Code is mandatory.
IBAN is mandatory.
Purpose of Payment is required on the Vendor record.
Cyprus
Payment Context
- Swift BIC Country Code: CY
- Method: International
- Currency Code: EUR
Requirements
BIC Code is mandatory.
IBAN is mandatory.
Purpose of Payment is required on the Vendor record.
Estonia
Payment Context
- Swift BIC Country Code: EE
- Method: International
- Currency Code: EUR
Requirements
BIC Code is mandatory.
IBAN is mandatory.
Purpose of Payment is required on the Vendor record.
Finland
Payment Context
- Swift BIC Country Code: FI
- Method: International
- Currency Code: EUR
Requirements
BIC Code is mandatory.
IBAN is mandatory.
Purpose of Payment is required on the Vendor record.
France
Payment Context
- Swift BIC Country Code: FR
- Method: International
- Currency Code: EUR
Requirements
BIC Code is mandatory.
IBAN is mandatory.
Purpose of Payment is required on the Vendor record.
Germany
Payment Context
- Swift BIC Country Code: DE
- Method: International
- Currency Code: EUR
Requirements
BIC Code is mandatory.
IBAN is mandatory.
Purpose of Payment is required on the Vendor record.
Greece
Payment Context
- Swift BIC Country Code: GR
- Method: International
- Currency Code: EUR
Requirements
BIC Code is mandatory.
IBAN is mandatory.
Purpose of Payment is required on the Vendor record.
Ireland
Payment Context
- Swift BIC Country Code: IE
- Method: International
- Currency Code: EUR
Requirements
BIC Code is mandatory.
IBAN is mandatory.
Purpose of Payment is required on the Vendor record.
Italy
Payment Context
- Swift BIC Country Code: IT
- Method: International
- Currency Code: EUR
Requirements
BIC Code is mandatory.
IBAN is mandatory.
Purpose of Payment is required on the Vendor record.
Kosovo
Payment Context
- Swift BIC Country Code: XK
- Method: International
- Currency Code: EUR
Requirements
BIC Code is mandatory.
IBAN is mandatory.
Purpose of Payment is required on the Vendor record.
Latvia
Payment Context
- Swift BIC Country Code: LV
- Method: International
- Currency Code: EUR
Requirements
BIC Code is mandatory.
IBAN is mandatory.
Purpose of Payment is required on the Vendor record.
Lithuania
Payment Context
- Swift BIC Country Code: LT
- Method: International
- Currency Code: EUR
Requirements
BIC Code is mandatory.
IBAN is mandatory.
Purpose of Payment is required on the Vendor record.
Luxembourg
Payment Context
- Swift BIC Country Code: LU
- Method: International
- Currency Code: EUR
Requirements
BIC Code is mandatory.
IBAN is mandatory.
Purpose of Payment is required on the Vendor record.
Malta
Payment Context
- Swift BIC Country Code: MT
- Method: International
- Currency Code: EUR
Requirements
BIC Code is mandatory.
IBAN is mandatory.
Purpose of Payment is required on the Vendor record.
Monaco
Payment Context
- Swift BIC Country Code: MC
- Method: International
- Currency Code: EUR
Requirements
BIC Code is mandatory.
IBAN is mandatory.
Purpose of Payment is required on the Vendor record.
Montenegro
Payment Context
- Swift BIC Country Code: ME
- Method: International
- Currency Code: EUR
Requirements
BIC Code is mandatory.
IBAN is mandatory.
Purpose of Payment is required on the Vendor record.
Netherlands
Payment Context
- Swift BIC Country Code: NL
- Method: International
- Currency Code: EUR
Requirements
BIC Code is mandatory.
IBAN is mandatory.
Purpose of Payment is required on the Vendor record.
Portugal
Payment Context
- Swift BIC Country Code: PT
- Method: International
- Currency Code: EUR
Requirements
BIC Code is mandatory.
IBAN is mandatory.
Purpose of Payment is required on the Vendor record.
San Marino
Payment Context
- Swift BIC Country Code: SM
- Method: International
- Currency Code: EUR
Requirements
BIC Code is mandatory.
IBAN is mandatory.
Purpose of Payment is required on the Vendor record.
Slovakia
Payment Context
- Swift BIC Country Code: SK
- Method: International
- Currency Code: EUR
Requirements
BIC Code is mandatory.
IBAN is mandatory.
Purpose of Payment is required on the Vendor record.
Slovenia
Payment Context
- Swift BIC Country Code: SI
- Method: International
- Currency Code: EUR
Requirements
BIC Code is mandatory.
IBAN is mandatory.
Purpose of Payment is required on the Vendor record.
Spain
Payment Context
- Swift BIC Country Code: ES
- Method: International
- Currency Code: EUR
Requirements
BIC Code is mandatory.
IBAN is mandatory.
Purpose of Payment is required on the Vendor record.
Vatican City
Payment Context
- Swift BIC Country Code: VA
- Method: International
- Currency Code: EUR
Requirements
BIC Code is mandatory.
IBAN is mandatory.
Purpose of Payment is required on the Vendor record.