Banking

To apply for an MYOB Vendor Payments/Direct Deposit account

Note: You must subscribe to MYOB Vendor Payments to make electronic Vendor payments directly from AccountEdge

1. In the Setup menu, select Electronic Payments. From the submenu, select Learn About Direct Deposits or Learn About Electronic Vendor Payments.



2. Read the descriptions of these services. Follow the instructions to submit your application. This includes printing the PDF of the application, entering the required information, signing it and mailing it to the specified address.



3. You will receive an approval via email or fax. As part of the approval confirmation you are assigned a Merchant ID, a User Name and a Password.

Once you are approved and have this information, follow these procedures and you will be ready to create electronic payments:

• To enter setup information for MYOB Vendor Payments/Direct Deposit
• To enter bank information for electronic payments
• To choose a linked account for electronic payments

Related topics

• Setting up MYOB Vendor Payments - electronic payments
• To group payments for an electronic payments transaction
• To record and send an electronic payment