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Update SVB UK payment formats to HSBC UK

Jul 13, 2023 2:59PM edited Jul 13, 2023 3:01PM in Announcements

Important: The following applies to United Kingdom Localization users who are clients of SVB UK bank as of August 4, 2023.

This notification applies to customers who are using the United Kingdom Localization SuiteApp.

As announced on March 13, 2023, HSBC UK Bank plc (HSBC UK) has acquired Silicon Valley Bank UK Limited (SVB UK). All standing SVB UK bank accounts will be migrated to the HSBC UK platform.

What is Changing?

Starting August 4, 2023, HSBC UK will be starting a migration of all standing SVB UK bank accounts to the HSBC UK platform.

To avoid disruption of service, it’s important that current clients of SVB UK perform a thorough update of their Company, Vendor, Employee, Customer, and Partner bank details.

Regards,

@Robert Nedelkow-Oracle | NetSuite Support Community Administrator