Non-U.S. Vendor Setup Series Part 5

Free Resources to Validate Money Transfer Codes for Non-U.S. Banks  by Debra R. Richardson When making electronic payments to your vendors, it is critical to ensure the banking details are good and the payment will be successful. Not only do you need your vendor’s account number, but you also need an identifier (money transfer code) for your vendor’s bank branch where money will be sent. Validation of the bank branch’s money transfer code is key to avoiding bad vendor data and failed…