Which fields on a Customer record should a user set up to use Electronic Funds Transfer (EFT) for customer payments? (Choose two.)
Which fields on a Customer record should a user set up to use Electronic Funds Transfer (EFT) for customer payments? (Choose two.)
To use Electronic Funds Transfer (EFT) for customer payments, the Routing Number is essential as it ensures the correct bank is identified in the transaction process. Payment File Format is also critical because it specifies the required format for processing the EFT, ensuring compliance with banking standards and facilitating smooth electronic transactions.
Enter your customer's bank account information: Bank Name – Enter the name of the bank. Account Number – Enter up to 20 digits for the account number. Routing Number – Enter the 9-digit routing number. Limit – Enter the authorized dollar amount limit per transaction.
B and D