ACH for transfers between Bank Accounts

heynanc110

Has anyone used the ACH Electronic Funds Transfer function in the Payment Journal to transfer funds between bank accounts? I think it will work if the "To" Bank Account is setup as a Vendor with a Vendor Bank Account. But I'm curious if anyone has been successful transferring directly between bank accounts without involving the Vendor card?

kellygurll

I have not used the ACH transfer between bank accounts. I just use the deposit journal to transfer between bank accounts (as long as they're the same currency).

When creating the deposit, in the header, select the bank account into which the funds are being transferred.
In the lines, set the Account Type = Bank, and select the bank account from which the funds are being retrieved.

Hope this helps.