How to Collect EFT Bank Information from Vendors

Katy Ripp

We currently use a pdf form that we have vendors fill out and return to us with a voided check or bank letter. We are looking to move to all EFT payments (no checks) and would like to be able to collect this information more securely. We looked into the new Payment Assist option offered by Balckbaud, but as of now, the information they collect does not flow into the customer's (our) FE database. We would like to maintain control over our vendor's EFT information. I saw from a previous discussion that some customers user Microsoft forms to collect this information. If you use Microsoft Forms, how are you collecting a bank letter or voided check to verify their bank information? What other methods are others using otherwise to collect this information securly? Has anyone been successful in building something that automatically feeds into their FE database rather than staff having to key the information into the system once collected? Thank you in advance!