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Canadian Direct Deposit Transmission Information (PR)

Owned by Kyle Niekamp

Last updated: 06 21, 2022 by Claire Aleman

Overview:

Use the Canadian Direct Deposit Transmission Information window to establish ACH direct deposit transmitter records. The Create ACH Direct Deposit File process uses this information during electronic funds file creation. The following bank formats are supported:

Bank of Montreal
CIBC
HSBC Bank Canada
Royal Bank of Canada

Benefits:

Provides the ability to meet most financial institution ACH file format requirements
Set's the stage for electronic funds transfer via ACH

Roles:

Accounting Manager
CFO

Location:

Accounts Payable > Setup > Canadian Direct Deposit Transmission Information
Payroll > Setup > Legal Entity Information > Canadian Direct Deposit Transmission Information

Video:

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