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Attention: Customers with NetSuite Electronic Bank Payment (EBP) SuiteApp, version 2020.2 QA (ID 315896) must UPDATE (do NOT uninstall) their bundle to the Production version 2022.1 (ID 416781) by December 31, 2022. Note: If users fail to manually update the Electronic Bank Payments SuiteApp within the given time window, this version of the SuiteApp (ID: 315896) will be deprecated and the account will not be updated to Leading version (2022.1) of the Electronic Bank Payments SuiteApp. Please refer to the campaign email sent to impacted customers for more information.
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NetSuite Release 2023.1 is here! Download the release notes and post your questions in the new Release 2023.1 category.

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

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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