Electronic Fund Transfer
Nabil EFT Highlights
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Make multiple payments of small to large values to various accounts in Nabil Bank through secured internet channel (IP Sec VPN, SFTP).
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Best suited for businesses having recurring need to make numerous payments to its associated stakeholders such as vendors/suppliers, employees.
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No need to write cheques
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No need to write cheques
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Free of Cost Service
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Same day transfers
Benefits
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Enhance efficiency of your operational and administrative processes as the process is swift secured and runs without moving a paper.
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Reduce costs associated with initiating and processing payments to your staffs, your suppliers, and vendors
How does Nabil EFT work?
After signing a service agreement
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IT teams at both ends coordinate to establish secure internet connectivity
System Requirements
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Dedicated internet service.
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Technical ability to generate transaction files and stage in SFTP server
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SFTP server(s)
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IP SEC VPN connectivity (established by IT teams from Bank and your organization)
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Ability of core accounting system to generate send/receive payment instructions to/from SFTP server and process them (Optional)
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Contact your Account Manager right away for this service!
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