|
ACH Universal > Frequently Asked Questions (FAQ) > I want to pay my vendors. What will they see on their bank statements?
Regardless as to whether you are collecting or paying funds, the other party will see the following information:
| • | Description of transaction (Entered during ACH Setup, usually describes transaction purpose, such as AutoPay.) |
| • | Effective transaction date |
| • | Actual transaction post date |
| • | Individual ID Name from the detailed transaction |
| • | Individual ID Number from the detailed transaction
|
Your vendors may or may not see any addenda information, depending solely on the service provided to them by their bank.
Of course the statement will also include other fields, such the amount and actual posting date to the account.
Page url: http://www.treasurysoftware.com/Help_ACH_Universal/index.html?faq_payvendorsbankstmtinfo.htm
|