Bank Accounts

Depending on your security rights and system role, you can manage your organization’s bank accounts in Treasury. On the Add a bank account screen, you add bank account information, such as account number and account type. When you process direct debit payments, you must create a direct debit transmission file and send the file to your organization’s bank to initiate the transaction. When you add a bank account to the database, you can search for the bank account from the Bank account field on the Add a direct debit file process screen. You can access the Manage Bank Accounts page from Treasury. For information about how to manage bank accounts, see Add a Bank Account.

Before you create a direct debit transmission file to send to your organization’s bank, you must first send a prenotification authorization file. When you add a constituent’s financial account from the Accounts tab of a constituent’s record, you select an EFT status of "Prenotify" to send a prenotification authorization file to the bank. A prenotification authorization file verifies that the account information is entered correctly to successfully set up an electronic funds transfer. During a prenotification, no funds actually transfer from the constituent’s bank account. After the constituent’s bank account is successfully set up for electronic funds transfer, you can change the EFT status to "EFT." For information about the prenotification authorization file, see Generate Prenotifications.