Banking Settings

The purpose of the Banking settings is to generate EFT Payments. The Bank Settings are a prerequisite to paying any vendors that have subscribed to EFT Payments.

Each of the six (6) banking institutions (BMO, CIBC, RBC, Scotia, TD and National Bank) have slightly different transfer file lay outs, therefore, there are six (6) different profiles. Boards should contact their banking institution to acquire the EFT Specifications File Layouts to understand the attributes of the fields.

The EFT Bank File is created in the A/P Payment process, and is forwarded to the bank via a third party, bank specific transfer interface.

The General Parameter tab also refers to the EFT process.

The Banking settings includes the following tabs:

•Generic EFT

•BMO EFT 80 BYTE

•CIBC EFT 80 BYTE

•RBC EFT 152 BYTE

•SCOTIA EFT 80 BYTE

•TD EFT 80 BYTE

•National Bank EFT 1464 CPA

•General Parameters

Note: Click on any one of the above links to learn more about that section.