EBICS bank connection

With 365 business Banking 18.4 you connect bank accounts directly via EBICS. Statements, payments and direct debits are processed without a TAN and without an intermediary service provider.

Business Value

EBICS is the standard for corporate payments in Germany, Austria, Switzerland and France. For companies with large payment runs, the online banking daily limit applies under PSD2, and every run requires a TAN. Via EBICS, the limits of the EBICS contract apply. Business Central signs with its own key, also in the background, and the bank's four-eyes principle (VEU) is retained.

Feature Description

An EBICS Participant is created with the details from the EBICS contract and activated via keys, initialization letter and bank keys (protocol versions H004 and H005, with certificates). You then connect bank accounts with the Connect Bank Account wizard. Statements (camt.053, pending camt.052) are retrieved and acknowledged only after import. Payments (pain.001) and direct debits (pain.008) are submitted, and the bank's status report (pain.002) updates the payment status. If the bank offers them, foreign credit transfers and euro urgent payments are also transmitted via EBICS. The EBICS Jobs and EBICS Submissions pages show every order to the bank. The connection requires the EBICS Connection license.

Details: Bank connection via EBICS