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Aekyung

EFT Set up

Posted By

Hi,

I am planning to set up EFT to pay suppliers instead of printing paper cheques.

I read the Sage50 EFT guide and it says that I need an originator or company ID number.

I called and asked my bank but nobody knows what the originator number is.

How do I get that number? Also, do I need to set up EFT through my bank as well (TD) to be able to use EFT through Sage50?

Please help me.

Thank you!

Parents
  • 0

    Hi there,

    When you call TD make sure you talk to the online service team. Tell them you want to use EFT direct which is compatible with CPA (or ACP) standard 005.

    TD bank will give you a 10 characters identifier (called Originator number in EFT) along with your own bank account and other information as needed. Once you have your 10 characters number you will be ready to setup EFT.

    You should have EFT installed on your computer before following this article instructions on how to setup EFT.

    Let us know if you have further questions.

Reply
  • 0

    Hi there,

    When you call TD make sure you talk to the online service team. Tell them you want to use EFT direct which is compatible with CPA (or ACP) standard 005.

    TD bank will give you a 10 characters identifier (called Originator number in EFT) along with your own bank account and other information as needed. Once you have your 10 characters number you will be ready to setup EFT.

    You should have EFT installed on your computer before following this article instructions on how to setup EFT.

    Let us know if you have further questions.

Children

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