Use Default Account

This field is enabled only when the EFT format is CPA.

Select this field to use your default EFT account for the deposit of returned funds if the transaction fails or is rejected. This default account was set up by your bank when you signed up for EFT.

If you do not want to use the default EFT account for returned funds, clear this field. The system then uses the bank account number on the Bank Reconciliations form, along with the Branch (Transit) specified on the Bank Addresses form, for the bank code specified on the Accounts Payable Parameters form.