EFT from Canada to the US bank accounts

(0) Share

Report

Posted on by Community Member

Hi, I have configured the EFT for a Canadian Bank account which is in USD. I am able to pay US dollars in Canada but I cannot pay to a US vendor because they fall under a different region code (country in this case). Is there solution for this (other than changing the country code every time)?

*This post is locked for comments

I have the same question (0)

All responses (6)

Answers (1)

Community Member on at

Like (0)

Report

RE: EFT from Canada to the US bank accounts

Hello Sat,

please let me know how you were able to pay US dollar in Canada.

My situation - We have Canadian customer whose bank account is in Canada , But wants us to pay in US$ .

Was this reply helpful? Yes No
Bill Campbell 12 on at

Like (0)

Report

RE: EFT from Canada to the US bank accounts

Good catch Grady.

When reading this I did not get that Kumar was trying to run them together. I have always done my EFT / Cheque runs on a chequebook by chequebook basis. I have not encountered this, as we separate them right in our process.

Thanks for the save.

Was this reply helpful? Yes No
Community Member on at

Like (0)

Report

RE: EFT from Canada to the US bank accounts

Thanks Grady, I never thought it could be that easy.

Was this reply helpful? Yes No
Verified answer

GMA 1,074 on at

Like (0)

Report

RE: EFT from Canada to the US bank accounts

You will have to run two separate batches. One for "like" countries; where the EFT/ACH batch is set to "Domestic" then a second EFT/ACH batch where the batch is set to "foreign."

Was this reply helpful? Yes No
Community Member on at

Like (0)

Report

RE: EFT from Canada to the US bank accounts

Hi Bill - I would try to explain it here. So you have a bank account where Bank Region code is Canada. You have a vendor where the Remit to Address EFT setup is set up as bank region Code US because the vendor's bank account is in the US. The system does not allow this transaction (giving the error that the region code is not the same), is there any solution other than changing the account to Canada?

Was this reply helpful? Yes No
Bill Campbell 12 on at

Like (0)

Report

RE: EFT from Canada to the US bank accounts

Sat Kumar, can you provide a bit more detail as to 'why the country code' is causing a problem.

If you take the EFT question out - can you pay the Vendor at all - or do you simply not have access to the Vendor as they are classified as US and you only have access to Canada?

Just a bit more explaination as to why you are encountering the problem will be very helpful.

Was this reply helpful? Yes No