Add EFT information

  1. From the bank account for which you want to add EFT file information, select Add EFT information under Tasks in the explorer bar. The Edit EFT file information screen appears.

  2. In the Immediate destination field, enter the eight-digit identification number of the institution that approves and authorizes your organization’s bank account transactions.

    Typically, the Federal Reserve approves most financial transactions for banks in the United States. However, your organization’s bank may act as your financial approval institution.

  3. In the Immediate destination name field, enter the name of the institution that authorizes all United States bank transactions. Typically, you enter “Federal Reserve” as the immediate destination; however, you should verify this with your organization’s bank.

  4. In the Immediate origin field, select “Bank account routing number,” “Organization EIN,” or “Other number.”

    Depending on your selection, an additional field appears and displays the routing number or EIN. If you select “Other number,” enter a number.

    Note: To use “Bank account routing number,” the routing number must exist on the bank account record. To use “Organization EIN,” the EIN must exist on the organization record.

  5. In the Immediate origin name field, select “Organization name” or “Other name.”

    If you select “Organization name,” an additional field appears and displays the organization name. If you select “Other name,” enter a name.

  6. In the Reference code field, enter additional information to identify the EFT file information.

  7. In the Company name field, select “Organization name” or “Other name.”

    If you select “Organization name,” an additional field appears and displays the organization name. If you select “Other name,” enter a name.

  8. In the Company ID prefix field, enter the digit, 0 through 9, to appear before your company ID in the header file. Typically, your organization’s bank determines this prefix.

  9. In the Company ID field, enter your organization’s federal tax identification number, employer identification number, or the number that your bank specifies for you.

  10. To include offsetting transactions in a direct debit transmission file, select Create offsetting transactions.

    An offsetting transaction is the transaction that credits your organization’s account for the money debited from your donor’s accounts. Before you select this, check with your organization’s bank, as some banks prefer to generate the offset transaction themselves.

  11. To display each record as its own row in the direct debit transmission file, select Include carriage return/line feed.

  12. Select Save.