Due to Bank Takeover Our Bank Account Numbers Will Change. What is the Best Way to Handle This?
Summary:
Our main bank tied to payables/payments/cash management has been taken over by another bank. This new bank will be giving us a different account number and has changes to the positive pay, BAI2, and transmission configuration.
I was looking to see if anyone had gone through something similar. I found a way to change the bank account name and number to our existing account set-up in the system but didn't know if that might cause any issues. We have just started testing but I'm not sure if it's better to do that or create brand new bank accounts tied to Payables/Payments/Cash management
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