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Topic

    Suresh Kumarasamy
    Bank Account Transfer by issuing check payment
    Topic posted January 22, 2019 by Suresh KumarasamySilver Trophy: 7,500+ Points, last edited February 6, 2019, tagged Cash Management, Discussion Forums, Financials, Fusion, Payables 
    98 Views, 5 Comments
    Title:
    Bank Account Transfer by issuing check payment
    Summary:
    We have the requirement to make the fund transfer between internal banks by making payment by check.
    Content:

    HI,

    We have the requirement to make the fund transfer between internal banks by issuing payment by check from source bank account to target bank account. In fusion cash management is supported to transfer the funds by "Electronic Payment method" only. as per below MOS note.

    How to use Check Payment for Bank Account Transfer? (Doc ID 2395905.1)

    How can we map this requirement to issue the check for internal fund transfer between the banks as a workaround.

     

    Thanks,

    Sk

     

    Version:
    11.13.18.10.0

    Comment

     

    • Becky Alvarez

      You can't.  Only electronic payments are supported for bank transfers through cash management.  Why do you have to print a check?

      • Suresh Kumarasamy

        Hi Backy,

        Thanks for your reply.

        Customer wants to make check payment from source bank to target bank instead of TT/online transfer. So the physical check print required from fusion to meet this requirement.

        Regards

        Sk

      • Suresh Kumarasamy

        Hi Backy,

        Thanks for your reply.

        Customer wants to make check payment from source bank to target bank instead of TT/online transfer. So the physical check print required from fusion to meet this requirement.

        Regards

        Sk

    • Becky Alvarez

      Thanks for providing the use case but, currently there are not any plans to support anything other than electronic payment for bank transfers.