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NetSuite Admin Tip: How to Differentiate Automated Clearing House and Electronic Bank Payments

edited Mar 8, 2024 9:54PM in NetSuite Admin Corner

As we are getting closer to the deprecation date of the NetSuite Automated Clearing House feature, which will be on March 2023, you can consider using Electronic Bank Payments instead. Here's the process comparison between the two.

In a nutshell, the main difference of the Electronic Bank Payments and ACH Processing is that the former does not involve a direct cash out, but a generation of a bank file to be sent to the bank for processing. Basically, your bank will use the bank txt file that is generated in NetSuite to process the fund transfer. On the other hand, ACH

Dominica Sevilla - Oracle | OTC / P2P / SCM Guru

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