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Canadian Direct Deposit Transmission Information

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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