What Are NetSuite Electronic Bank Payments?
- NetSuite Electronic Bank Payments is a SuiteApp that automates creation of bank payment files for electronic funds transfer to vendors, employees, and customers across global banking formats.
It generates payment files in bank-specific formats (NACHA ACH, SEPA credit transfer, BACS, Zengin) with support for payment batches, approval routing, multi-currency processing, direct debit collections, and Positive Pay fraud prevention.
This eliminates manual check printing, reduces payment processing costs and ensures timely payments without disconnected banking systems or format conversion errors.
.avif)
NetSuite Electronic Bank Payments Features
Generate payment files in bank-specific formats (ACH, SEPA, BACS) automatically from approved bills and expenses. Eliminate manual bank file creation.
Support for NACHA ACH, SEPA credit transfers, BACS, Zengin, and regional bank formats. One solution for global payment processing.
Create multiple payment batches with different criteria, controls, and due dates. Queue batches for processing with reordering capability.
Route payment batches for multi-level approvals with email notifications. Enforce authorization levels before file generation.
Automate customer collections by withdrawing funds directly from customer bank accounts when invoices are due. Reduce DSO.
Pay suppliers globally in multiple currencies in single payment run. Set exchange rates to match bank rates for reconciliation.
Generate Positive Pay files with check details for bank verification. Prevent check fraud with pre-notification of issued checks.
Reverse payments with reason codes, set reversal dates, or regenerate files. Flexible payment management after file creation.
.avif)
How Much Does NetSuite Electronic Bank Payments Cost?
- Electronic Bank Payments is included with NetSuite platform license for single-country payments. Advanced license required for multi-country, multi-currency, and custom templates.
But the real cost isn't the license—it's the staff time manually creating bank files, the payment errors from format mistakes, and the check printing and postage costs.
Why Choose Stockton10?
Challenges NetSuite Electronic Bank Payments Solves
- Manual bank file creation
- Payment format errors
- Disconnected banking and ERP systems
- Slow international payment processing
- Check printing costs
- No payment approval controls
Hear it from your peers
%20(1).png)
%20(1).png){kind=logo}
NetSuite Electronic Bank Payments FAQs
A SuiteApp that automates bank payment file generation for electronic funds transfer in 50+ global formats including ACH, SEPA, BACS with approval workflows and multi-currency support.
Yes. Electronic Bank Payments generates payment files in bank-specific formats (ACH, SEPA, BACS, Zengin) automatically from approved vendor bills, employee expenses, and customer refunds.
Standard EBP is free but limited to single-country payments. Advanced EBP requires license and adds multi-country formats, multi-currency processing, custom templates, and automated batch creation.
Enable Electronic Bank Payments, configure bank account records, assign NACHA ACH format, create payment batches from approved bills, and generate ACH files for bank submission.
Advanced EBP license supports multi-currency payment processing with 50+ global bank formats. Process payments to multiple countries in single payment run with appropriate format per bank.
Yes. We maintain current bank format templates, optimize approval workflows, configure exchange rate synchronization, implement direct debit collections, fix batch logic, and automate Positive Pay generation.
Are Bank Files Being Rejected?
.png)
