Uses the Component:EFTType
The EFT component represents the applicant's electronic funds transfer (EFT) information allowing the applicant to make payments on an automated basis.
Table 6.103. Fields and Components
| Name | Description | Occurrence | Type | Data Type | User Notes |
|---|---|---|---|---|---|
| SpecifiedPerson |
This component is used to communicate the person’s name information associated with the application. | 0..1 | Component | PersonType | |
| AlternatePartyDocument |
This component represents identification information for the business party. | 0..* | Component | DocumentABIEType | |
| TransferFrequencyCode |
How often the account will be debited. HR = Hour, WK = Week, BWM = Bi-Weekly, MO = Month, YR = Year, SmMO=SemiMonthly | 1..1 | Field | scl:TransferFrequencyEnumeratedType | |
| CompanyName |
Business entity whose name appears on the EFT account | 0..1 | Field | udt:NameType | |
| BankFinancialInstitution |
The Bank component contains information about the bank from which the consumers payments will be drawn. | 0..1 | Component | FinancialInstitutionType |
The XML Sample provided here is an approximation of the generated XML for this component. Not all of the fields are required for implementation.
Example 6.103. EFT
<EFT>
<SpecifiedPerson>......</SpecifiedPerson> [0..1]
<AlternatePartyDocument>......</AlternatePartyDocument> [0..*]
<TransferFrequencyCode>......</TransferFrequencyCode> [1..1]
<CompanyName>......</CompanyName> [0..1]
<BankFinancialInstitution>......</BankFinancialInstitution> [0..1]
</EFT>