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Question

How can EFT payment advices be printed for distribution?

Solution

Payment advices for EFT (Electronic Funds Transfer) payments can be printed for distribution in the following ways:

  1. Print the advices on blank paper. Upload a 'check signature' on the EFT bank account that states 'non-negotiable' which will print in the signature line of the advice
  2. Print the advices on pre-printed advices (in lieu of checks) that are pre-printed with the words 'non-negotiable'

"Advice" definition: A note sent to a vendor or buyer that outlines the methods of payment that will be accepted.



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