Electronic Funds Transfer

Electronic Funds Transfer (EFT) Guidelines (We Energies)

Electronic Funds Transfer (EFT) provides quick and convenient electronic payments using the Automated Clearing House (ACH) network. Electronic payment gives you control over payment timing and eliminates check printing, mailing and filing costs.

Option details

  • One-time ACH DebitAuthorize We Energies to make a one-time ACH debit from your bank account. A minimum debit of $500 applies.
  • Customer-initiated ACH PaymentInstruct your financial institution when to make ACH bill payments to We Energies.
  • EDI 820 paymentInstruct your financial institution when to make ACH bill payments using the EDI 820 standard. To get started, confirm you are able to make payments through CCD+ / CTX software.
    • If you need software package assistance, contact your bank or National Automated Clearing House Association (NACHA).
    • When you receive your bill, initiate payment using CCD+ / CTX software, authorizing release of funds from your bank account to We Energies bank account.
    • Consider using the EDI 820 Payment in conjunction with We Energies EDI Billing program to maximize electronic billing and payment convenience.
    • You do not have to receive your bill electronically to make an EDI 820 payment.

Questions and answers

What is the ACH CCD+ format? Automated Clear

ing House Cash Concentration or Disbursement. The CCD+ format is a National Automated Clearing House Association (NACHA) ACH corporate payment format with a single 80-character addendum record capability. The addendum record is used by the originator to provide additional information to the payment recipient about the payment.

What is CTX format? 

CTX (Corporate Trade Exchange) allows up to 9,999 addenda records with approximately 800,000 characters. Given this large addendum record capability, full and complete remittance information can be transmitted with CTX payment. Therefore, one CTX payment may cover multiple invoices because full remittance information will be transmitted to the vendor’s financial institution together with the payment. The ACH CTX format includes an entire 820 transaction set in its addenda records.

To learn more about EDI and become a certified  EDI Professional please visit our course schedule page.

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