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Bank of America

Pay out and reconcile straight from your bank accounts.

Feature overview

01
25countries supported
02
24payment types
03
Encrypted file exchange (PGP)connection

What you get

Light pays out of your Bank of America accounts and reads the statements back. Payment files leave Light in the format Bank of America expects and the statement returns to the same ledger line, so nobody is uploading a payment file by hand or ticking off a bank statement at month end.

36 maintained formats sit behind this one entry — one per country, channel and message type Bank of America supports — and they are updated as the bank changes them, so a format change is never your project.

  1. 01Pay suppliers, staff and tax from Bank of America in 25 countries.
  2. 02Domestic BACS, Domestic CHAPS, Domestic account to account and 21 more — 24 payment types in all.
  3. 03Connects over Encrypted file exchange (PGP).
  4. 04Every payment carries its ledger reference, so the statement reconciles itself.

Where it is supported

  • Austria
  • Australia
  • Belgium
  • Canada
  • Switzerland
  • Czechia
  • Germany
  • Denmark
  • Spain
  • Finland
  • France
  • United Kingdom
  • Hungary
  • Ireland
  • Italy
  • Luxembourg
  • Malaysia
  • Netherlands
  • Norway
  • New Zealand
  • Poland
  • Portugal
  • Sweden
  • United States
  • South Africa

Payment types

  • 01Domestic BACS
  • 02Domestic CHAPS
  • 03Domestic account to account
  • 04Domestic account to account express
  • 05Domestic account to account high value
  • 06Domestic account to account inter company
  • 07Domestic account to cheque
  • 08Domestic account to reference
  • 09Domestic account to tax
  • 10Domestic bank giro
  • 11Domestic bank giro reference
  • 12Domestic plus giro
  • 13Domestic plus giro reference
  • 14Domestic positive pay
  • 15Domestic split
  • 16Euro Sepa Express
  • 17Int. Payment
  • 18International account to account express
  • 19International account to account high value
  • 20International account to account intercompany
  • 21International account to cheque
  • 22Paypal transfer
  • 23Sepa Payment
  • 24Zelle transfer
Category
Banking
Countries
25
Channels
Encrypted file exchange (PGP)
Messages
Outgoing payments
Formats
ISO20022, ISO20022RFT, Nacha
Price
Included with Light