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How does the EFT reimbursement service work?

April 26, 2017EFT Reimbursement service

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How does the EFT reimbursement service work?

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All clients reimbursing via EFT will have a settlement account established at Concur Technologies’ partner bank. Based on the selected reimbursement cycle, funds are drawn from your corporate checking account on pre-designated dates, placed into the settlement account, verified, and then distributed to employees for authorized expenses.