Manage EFT Bank Information – Web Client Help Center

From this screen, you can add or edit EFT Bank Information for an Organization Unit.

To edit EFT Bank Information for an Organization Unit:

From the Accounting Setup section on the Organization Unit Settings page, click EFT Bank Information.
The EFT Bank Information page will display, as shown below.
Select the appropriate Financial Company from the drop-down menu to display a grid of EFT Bank Profiles associated with the chosen Financial Company.
Click Past, Current, or Future to filter the grid.
Click the pencil icon, as shown below, to edit an EFT Bank Profile.
The Edit EFT Bank Profile screen displays. Edit the fields as necessary. For more information on each field, see the table of screen elements below.
Click Save.

To add a new EFT Bank Profile:

From the Accounting Setup section on the Organization Unit Settings page, click EFT Bank Information.
The EFT Bank Information page will display, as shown below.
Click +Add New Profile. The Add New EFT Bank Profile page displays, as shown below.
In the Bank Information section, enter the following bank information:
1. Profile code
2. Routing Number
3. Bank name
4. Bank Account Number
5. Contact, Phone, and Email
6. Begin Date
7. End Date
8. Bank Rej. Pymt. Collection Attempts
9. Max. Rej. Pymt. Collection Attempts
In the Bank Shipping Information section, enter the following bank shipping information :
1. Ship-To Name
2. Phone
3. Address, including City, State, and Postal Code
4. Email Address
In the Company Information section, enter the following:
1. Corporate Name
2. Sales Tax ID
3. Company ID
4. Click the GL Account link to search for a GL Account associated with the company.
  The field below automatically populates with the description of the GL account.
5. The Receipt Type automatically populates based on the GL Account selected. If necessary, click the Receipt Type drop-down menu to select a different receipt type.
Click Save.

Screen Element	Description
Days to Wait for EFT681 Results	Text box. Identifies the number of days that need to pass before a receipt created by EFT680 can be transferred or refunded. This also identifies the number of days that must pass before an order or order line can be cancelled if the order or order line has a recent payment created by EFT680. By default, this is set to 10. The maximum value allowed in 99. If the EFT681 file is received and processed BEFORE this waiting period has passed, the system will ignore this value and allow transfers, refunds, and cancellations.
Financial Company	Drop-down. The financial company to which you want to add the EFT bank information.
Bank Information
Profile	A user-defined code for the bank. This is for ThreeSixty purposes only and is used to track multiple banks within one company.
Routing Number	Text box. The bank’s routing number. This is a nine-digit number that identifies a specific financial institution.
Bank Name	Text box. The bank's name.
Account Number	Text box. The bank's account number.
Contact	Text box. The contact person at the bank.
Phone	Text box. The phone number of the contact person at the bank.
Email	Text box. The email of the contact person at the bank.
Begin Date	Drop-down. The date of when the member starts the EFT.
End Date	Drop-down. The date of when the member stops the EFT.
Bank Rejection Attempts	Text box. Identifies the total number of times a rejected bank draft is resubmitted for collection by the organization’s bank before the bank notifies the organization that the bank draft was rejected. The EFT680 submission is considered to be the first attempt. If the organization’s bank has a policy of resubmitting a rejected bank draft an additional one or two times, that needs to be reflected in the number defined here, as well. This value will then default into the rejected payment record (Order_Detail_EFT_Rejected_Pymt.REJECTED_PYMT_COLLECTION_ATTEMPTS) so that EFT680 can evaluate whether a rejected bank draft can be resubmitted for payment. Whatever the value here, the system will add 1 to this for the attempt made by EFT680. If the bank doesn’t resubmit a rejected payment, this should be left as 0.
Max Rejection Attempts	Text box. Identifies the maximum payment collection attempts that should be made by EFT680 to collect a payment that was rejected by the bank, typically because of insufficient funds. Although the rule in most states is that a bank draft rejected because of insufficient funds can be resubmitted three times, most banks automatically resubmit the draft at least once, which means that 2 attempts have been made. If your bank automatically resubmits a rejected bank draft for payment, the value in this field should be set to 2, because if EFT680 resubmits the scheduled payment a third time to attempt collection, if the scheduled payment is rejected again because of insufficient funds, the bank will again automatically resubmit the bank draft for payment, meaning that four attempts were made to collect the payment.
Bank Shipping Information
Ship-To Name	Text box. The name of the bank.
Phone	Text box. The phone number of the bank.
Address 1, 2, 3	Text box. The first, second, and third lines of the bank's address.
City	Text box. The city associated with the bank.
State	Text box. The state associated with the bank.
Postal Code	Text box. The postal code associated with the address provided.
Email Address	Text box. The email address to which the EFT file will be sent.
Company Information
Corporate Name	Text box. The corporate name for the EFT file.
Sales Tax ID	Text box. The sales tax ID of the company associated with the bank.
Company ID	Text box. The company ID of the company associated with the bank.
GL Account	The GL Cash the associated with the bank. Enter at least three characters and click the search icon, or click Advanced to browse and select a GL account.
Receipt Type	Drop-down. This is the receipt used for payment when the EFT680 creates payments. This drop-down menu populates based on the GL account selected.