SoftDent: Will Electronic Funds Transfers (EFT) Codes Appear On a Deposit Slip?

Document created by chriscornett Employee on Jul 13, 2017
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Question:


Will Electronic Funds Transfers (EFT) Codes Appear on a Deposit Slip?

 

Answer:

 

Considering that the default EFT codes (2.90 - Insurance Payment EFT / 2.93 - ERA Payment by EFT) are used for electronic transfers of money they will not appear on a deposit slip. When these codes are used the transaction takes place electronically and the money is deposited directly in to the bank, negating the need for a mention of it on the deposit.

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