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CAN A VENDOR RECEIVE DIRECT DEPOSIT (ACH) IF THEY REQUIRE BACK-UP DOCUMENTATION?

April 26, 2017ACH back-up deposit documentation require vendor

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CAN A VENDOR RECEIVE DIRECT DEPOSIT (ACH) IF THEY REQUIRE BACK-UP DOCUMENTATION?

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No. As direct deposit recipients do not receive a physical check, there is no possibility of sending them the enclosure documentation they need to identify payments.