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 processing deadline daily cut off 4 00 pm est to ensure timely processing, initiate payments before the 4 00 pm est 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 vendor record the entity's full name and address must be accurately populated on the vendor record 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 destination bank account must use the local currency of the destination country (e g , cad for canada) for payments from a multi currency account (mca), the payment currency must match the mca currency additionally, the storage method in the bank details record must be set to international where applicable 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 routing number (9 digits) is mandatory and must be preceded by the prefix "cc" purpose of payment code (pop) is mandatory 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 local clearing code (bsb) 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 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 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 purpose of payment is required on the vendor record 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 iban or bank account number + bank sort code is mandatory purpose of payment is required on the vendor record guernsey payment context swift bic country code gg method international currency code gbp requirements bic code is mandatory iban or bank account number + bank sort code 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 gbp requirements bic code is mandatory iban or bank account number + bank sort code is mandatory purpose of payment is required on the vendor record jersey payment context swift bic country code je method international currency code gbp requirements bic code is mandatory iban or bank account number + bank sort code 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 required 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