Is it really necessary to provide Institution # and Branch # when building ACH Account records?
- 18 Jan 2023
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Is it really necessary to provide Institution # and Branch # when building ACH Account records?
- Updated on 18 Jan 2023
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When creating ACH records in FIMS, it asks for information like "Institution #" and "Branch #". I'm having a hard time finding any consistent data that defines where this information can be obtained. Isn't the ABA Routing number and Account number sufficient to get the payment to the right place?
Answer:
While FIMS gives you the space to input this information, it is your organization's responsibility to work with your bank to agree to a format for the exported data file. There may be cases where that information is not needed.
In some cases, you may need to open the exported data file in Excel, for example, and reformat or reorder the data to match your bank's data import.
In some cases, you may need to open the exported data file in Excel, for example, and reformat or reorder the data to match your bank's data import.
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