Bank prenotes in Microsoft Dynamics 365 Finance and Operations one version D365FO

Bank prenotes in Microsoft Dynamics 365 Finance and Operations one version D365FO

• Banks basically use prenotes to verify the accuracy of account data, such as routing numbers and account numbers.
• A prenote (preauthorization) is a zero dollar transaction created and sent through the ACH network to test the validity of a payor's/payee's bank account information that was provided at the time of enrollment or if subsequently changed. 
• The prenote transaction checks the validity of the bank transit-routing number and the payor's/payee's bank account number. If your money is not there yet maybe you should contact your payroll officer.