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Not quite. House Banks are not country specific, they are bank specific. If your bank being used for this is in a different country, then clearly a new house bank is needed. But the same also applies if the bank is two towns away and has a different sort code / ABA number / SWIFT code (insert whatever standard you use the in country where you hold bank accounts).

The first question you need to ask yourself is "Am I using the same bank to process these transactions?" If the answer is NO, then you need a new House Bank. House banks represent the banks that your company uses for payments, receipts, etc. If the answer to the first question is YES, then you do not need a new House Bank.

The second question you must ask yourself is "Am I using the same bank account to pay from?" If the answer is NO, then you need a new House Bank Account (within the appropriate House Bank). If the answer is YES, then you do not need a new House Bank Account.
Elaine Ballagh
Managing Consultant
Lodestone Management Consultants Ltd.
Gainsborough House, 59 - 60 Thames Street | Windsor, SL4 1TX | UK
P +44 1753 272 150 | F +44 1753 272 151 | M +44 782 455 97 20
elaine.ballagh@lodestonemc.com <blocked::mailto:elaine.ballagh@lodestonemc.com> | www.lodestonemc.com <http://www.lodestonemc.com/>
________________________________
From: Sidi94 via sap-acct [mailto:sap-acct@Groups.ITtoolbox.com]
Sent: 29 June 2009 22:53
To: Elaine Ballagh
Subject: Re: [sap-acct] New House Bank


Shaun,
You need a separate house bank if it is a different country than the USD housebank, otherwise you can use the same housebank. However, you have to have a separate account for each currency. For example, you have a house bank - Citi with Bank country - US and Bank Key 12345678.
A bank account in USD must have been assigned to this house bank.All you need to do is add a different Bank ID(e.g. EURO) and a bank account, which is different than the USD account number.
You have to configure the FBZP accordingly
Sidi
-----Original Message-----
From: maverickrulx1@aol.com via sap-acct <sap-acct@Groups.ITtoolbox.com>
To: Sidi94 <Auslaender3@aol.com>
Sent: Mon, Jun 29, 2009 4:48 pm
Subject: [sap-acct] New House Bank
All ,Can we use same house bank which is created for USD and checks have been written in USD.Now I need to have a house bank for EURO,and need to create vendors in EURO, We will be running check in EURO, So do I need to create different house bank in EURO or I could use the same house bank which is being used for writing check in USD.if Yes, please explain how we could achieve that.Regards
Shaun __.____._