Question

ISO20022 Debtor Account Setup for ACH

  • 2 September 2023
  • 2 replies
  • 47 views

Userlevel 7
Badge +16
  • Hero (Customer)
  • 552 replies

Community,

We are setting up ISO20022, and we would like to borrow your mind to understand Bank Account Opening Statement.

 

We are Canadian Company, and we have suppliers from USA. We would like to set up ISO20022 ACH payment. We are wondering which info we should use to set up Debtor Account information, Section II or III? I think it would be section III, correct?

 


2 replies

Userlevel 6
Badge +19

Hello

@Eranda shared a document showing how to adopt ISO20022 payment for ACH. You can see the post below

ACH File Encryption for Banks | IFS Community 

 

I attached the solution document in attachment

Hope this helps

Userlevel 7
Badge +16

@gumabs Appreciated.

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