FAQs
What is the ACH payment code? ›
An ACH code stands for Automated Clearing House Code. It is a network used for electronic money transfers and electronic payments. ACH is a method of clearing credit and debit payments, and is quite popular in the US.
What is the return code 7 for ACH? ›R07 indicates that a customer who had previously authorized ACH transactions has since revoked authorization from the originator of the transaction. The originating depository financial institution (ODFI) must return the transaction within 60 calendar days.
What is a R13 ACH return code? ›R13 – Invalid ACH Routing Number: The Entry contains a Gateway Identification or Receiving DRI Identification that isn't a valid ACH routing number.
How do I find my ACH code? ›You can find your ACH routing number by:
- Searching online for “ACH routing number” and your bank's name.
- Logging in to your online banking platform.
- Looking in your checkbook (it's typically located next to your account number)
An ACH company ID is a 10-digit unique identifier used for identifying entities, called originators, collecting payments via ACH debit.
What does an ACH code look like? ›An ACH routing number is a 9-digit, unique numeric ID assigned to each banking institution in the US. It's needed for banks to identify where payments should be taken from and sent to.
What is the ACH code for insufficient funds? ›R01 - Insufficient Funds - The available balance of the payer's account (at the time of payment) is not sufficient to cover the amount of the payment. R02 - Account Closed - A previously active account has been closed by action of the payer or the RDFI (Financial institution qualified to receive ACH payments).
What are SEC codes in ACH? ›An SEC code is a three letter code that describes how a payment was authorized by the consumer or business receiving an ACH transaction. SEC stands for 'Standard Entry Class'. SEC codes are defined and maintained by NACHA, the governing body for the ACH network.
What is an R23 ACH return code? ›As defined by NACHA guidelines, ACH return code R23 means “credit entry refused by receiver.” Typically, such refusal occurs when the credit entry amount is in question. The reason the RDFI refused the credit entry may be one of the following scenarios: The minimum amount required by the receiver was not paid.
What is the ACH code 8? ›ACH Return Code R08, also known as “Payment Stopped,” is a standard code used in Automated Clearing House (ACH) transactions. R08 indicates that a customer has stopped payment on a transaction.
What is the R27 code on a ACH return? ›
ACH Return Code R27, also known as "Trace Number Error," is another standard code used in Automated Clearing House (ACH) transactions. This code is used to indicate that the trace number in the ACH entry is either missing or contains an error.
What is a R10 ACH return code? ›R10 indicates that the receiver of a debit entry claims the transaction was unauthorized. This return code can occur for various reasons, including fraud, error, or disputes with the originator of the transaction.
What is a R11 ACH return code? ›ACH Return Code R11, also known as “Check Truncation Entry Return,” is a standard code used in Automated Clearing House (ACH) transactions. R11 indicates that a check truncation entry has been returned unpaid—in other words, someone attempted to electronically deposit a check and it was not deposited successfully.
What does ACH return code R20 mean? ›R20 / Non-transaction account: The bank account you've entered does not allow ACH payments. What to do: Contact your customer set up a different bank account for ACH transactions, and make sure that account is enabled for ACH. If that's not possible, you can request a different form of payment.
What are R10 returns? ›R10 – Customer Advises Originator is Not Known to Receiver and/or Originator is Not Authorized by Receiver to Debit Receiver's Account ★ Receiver has no relationship with the Originator or has not authorized the Originator to debit the account.
What is the return code 12 on a ACH transaction? ›ACH Return Code R12, also known as "Branch Sold to Another DFI," is a standard code used in Automated Clearing House (ACH) transactions. It indicates that the transaction was returned because the branch where the account is held has been sold to another financial institution.