Financial Management - PSFT (MOSC)

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Does PeopleSoft allow a vendor to be setup so a payment goes to their trust account?

edited Jun 14, 2020 5:08AM in Financial Management - PSFT (MOSC) 1 commentAnswered

We have a supplier that is requesting for their payments to be setup by direct deposit into their Trust Account. The account has an ABA routing number, and actual account number, and also a FBO number to direct the payment into their escrow account. Is there a way to set the supplier up for this type of account in the supplier file? Has anyone ran into this situation in the past?  I am only familiar with having the ABA routing number and the account number and have never seen a payment into an additional FBO account before.

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