Sort of wondered the same thing myself, seems like a duplicate field. I advised my client to put something meaningful such as Walmarts Payments Account

Ikr. There are fields for bank name, beneficiary name, etc but NS made this Name field mandatory. like, why? 😶

Yeah, I don't think it's critical. I leave the critical bits like the bank account number / sort code down to my clients accounts team any way. Don't want to get hit with a lawsuit for putting in something wrong! 😉

Name under entity bank details should be the name of the bank, is that what you're referring to?

Yea I'm referring to the Name field but the bundle for entity bank details already have a separate field for bank name though

Under name, I put the bank name, I don't have a space for the bank name. It does say bank name in the ACH field under financial however. Below is how I setup a vendor for EFT