Bank Setup

This section provides an overview of the bank setup process required to enable communication between your bank and Accounting as a Service. The primary goal is to set up EBICS users an

Key Steps for Bank Setup

The steps you need to follow when setting up your bank for use with Accounting as a Service are outlined below.

1. Contact your bank
2. request the required forms
3. provide certain file formats

Contact Your Bank

• Contact your bank and ask for the EBICS request form.
• Riverty must complete the form, but it must be signed by you, as the owner of the account.
• Make sure the form includes transport and read-only rights for the EBICS user to allow Accounting as a Service to receive settlement files, payouts, and direct debit requests.

EBICS is the Electronic Banking Internet Communication Standard, which is used to communicate with your bank on your behalf. It is an internationally agreed ISO standard that is supported by all European banks The names for the users will be provided to you by our onboarding manager.

Supported Banks

Accounting as a Service is already connected to the following banks:

• Bank of America (Using MT-940)
• BNP Paribas
• Commerzbank
• Credit Suisse
• Deutsche Bank
• HSBC
• HVB
• ING
• SEB
• Sparkasse
• UniCredit

If your bank is not listed here, contact your Onboarding manager to verify integration options.

Bank Statements and File Formats

Ensure that your bank provides the correct file formats for Accounting as a Service. These formats are mandatory for processing statements, payments, and direct debit requests.

Bank Account Statements

Accounting as a Service supports the CAMT-format.

• Format: CAMT.053 (ISO format)
• Usage: Provides details about incoming payment transfers and balances.
• Note: Ensure the bank uses the correct purpose codes/business transaction codes as defined by the ISO standard.

Alternatively, the MT-940 format can be used. (documentation)

Direct Debit

If you want to use direct debit as a payment method, the the CAMT.053 file only contains the sum of all single-transactions. Therefore Accounting as a Service needs an additional file for the single transactions:

• Format: CAMT.054 (ISO format)
• Usage: Details about individual direct debit transactions, including reversals.

Payment and Direct Debit File Formats

• For refunds: pain.001 file format is used to process outgoing bank transfers to customers.
  • Note: Accounting as a Service needs to be enabled to communicate with the bank to initiate outgoing bank transfers.
• For direct debit requests: pain.008 file format is used to capture payments.
  • Note: Mandate-ID is needed for direct debit requests.