Files are picked up once every minute from the SFTP server and validated by the Open Banking service. Your setup can be configured to email you when a file passes or fails validation. Notifications about transactions are configured separately within digital banking.
Note
Open Banking does not currently support processing transaction files that contain both ACH and Wire transactions.
Open Banking supports the following payment types for TXT and CSV file formats.
-
Domestic FedWire (one wire per line)
-
SWIFT- MT103 (international only)
-
NACHA
-
International wire
Caution
Including a header record in a CSV transaction file will result in an error.
-
Domestic FedWire (one wire per line)
Tip
Sample payment files are available in the Q2 Customer Portal by navigating to Education > Documents > Product Documentation > Direct Payables (Open Banking).
Note
Payment files can be created using any accounting software, as long as the payment files validate against an existing payment file standard.