how to setup electronic bank payments

AI generated answer (using internal Slack threads):

To set up electronic bank payments in NetSuite, you need to follow these steps: 1. Install the Electronic Bank Payments bundle. This bundle is free of charge if you don't need to modify the provided payment file formats and you will make payment using your "home" currency only. If you need to modify the payment file formats or make payments in different currencies, you will need to purchase the Advanced Electronic Bank License. 2. Create a Company Bank Detail record. This record should include the subsidiary, currency, and payment file format. 3. Create a Vendor Bank Detail record. This record should also include the subsidiary, currency, and payment file format. 4. Create a Vendor Bill that is marked For Electronic Bank Payment. 5. Check the default payment account on the vendor record. It should be set to the account you use for disbursements. 6. Make sure the Electronic Bank Payment is active. You can check this on Setup > License Client > License Dashboard. 7. Ensure that your bank account is active and not inactive. Please note that the Electronic Payment app creates a file, but you need to get the file to the bank on your own. The app supports ACH-CCD/PPD, ACH-CTX, BACS(UK), CPA-005(CA), and more. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******