To make money, you need to move it. Send and receive funds with total ease through our robust ACH services.
- Conduct a number of outgoing payments 24/7, electronically:
- Directly deposit employee payroll
- Make vendor payments
- Pay state and federal taxes
- Access up-to-date records of transactions via online banking or account statements
- Schedule one-time or recurring outgoing payments
- Transfer templates, easy-to-use templates are available for many transfer types
- Efficient and accurate processing, providing more visibility to your cash position
- Improve cash flow
- Increase productivity by automating processes
- Cut down on employee resources and time
- Increase accuracy; reduces human error
- Eliminates wastes and expenses associated with paper checks
- Risk Management Controls
- Limits can be established for a single transaction or per batch file, standard entry class type, number and dollar values
- Permissions can be configured for users such as creating transaction files or viewing activity
- MFA (Multifactor authentication) requires more than one form of authentication to confirm a transaction
The Nacha Operating Rules are the foundation for every ACH payment. By defining the roles and responsibilities of financial institutions and establishing clear guidelines for each Network participant, the Rules ensure that millions of payments occur smoothly and easily each day. Learn more below.
Ready to start moving your money with simplicity and ease? Take a look at the following guide for the ins & outs of our ACH Manager.
A NOTIFICATION OF CHANGE (NOC) is a non-dollar entry transmitted by a Receiving Depository Financial Institution (RDFI) to notify you that information contained within an entry is erroneous and/or has become outdated and must be changed.
ACH Rules require your company to make the requested changes within 6 banking days of the receipt of the NOC or prior to the initiation of another ACH entry. Notification of changes will be sent to all ACH users via secure email.
| NOC CODE | DESCRIPTION | ACTION BY ORIGINATOR |
|---|---|---|
| C01 | Incorrect account number | Change the Receiver’s account number record. |
| C02 | Incorrect routing number | Change the Receiver’s financial institution routing number. |
| C03 | Incorrect routing number & incorrect account number | Change the Receiver’s financial institution routing number and account number. |
| C05 | Incorrect transaction code | Change the account type. |
| C06 | Incorrect account number & incorrect transaction code | Change the Receiver’s account number and account type. |
| C07 | Incorrect routing number, account number & transaction code | Change the Receiver’s financial institution routing number, account number, and account type. |
| C09 | Incorrect individual identification number | Change the individual ID number. |
| C13 | Addenda format error |
Review the formatting in the Addenda Record that accompanied the original Entry Detail Record to determine errors and make corrections using only American National Standards Institute (ANSI) standards or NACHA endorsed banking conventions. |
| TRAN CODE | DESCRIPTION |
|---|---|
| 22 | Credit to a checking account. |
| 27 | Debit to a checking account. |
| 32 | Credit to a savings account. |
| 37 | Debit to a savings account. |
Important Note: Failure to respond to NOC's may result in additional fees.
An ACH RETURN is an ACH entry that the Receiving Depository Financial Institution (RDFI) is unable to post for reasons defined by the return codes listed in the table below. Notification of return items will be emailed to all ACH users.
| RETURN CODE | DESCRIPTION | ACTION BY ORIGINATOR |
|---|---|---|
| R01 | Insufficient Funds | May reintiate the ACH transaction for a total of 3 presentments within 180 days of the settlement date of the original entry. |
| R02** | Account Closed | Must stop initiation of transaction. Contact Receiver to obtain authorization for another account. |
| R03** | No Account | Must stop initiation of entries. Contact Receiver to obtain authorization for another account. |
| R04** | Invalid Account | Must stop initiation of entries until account number is corrected. |
| R05* | Unauthorized Debit to a Consumer Account Using Corporate SEC Code | Must stop initiation of entries. |
| R07* | Authorization Revoked | Must stop initiation of entries until new consumer authorization is obtained. |
| R08** | Payment Stopped | Must contact the Receiver to identify the reason for the Stop Payment and determine if the entry should be stopped permanently. |
| R09 | Uncollected Funds | May reinitiate the ACH entry for a total of 3 presentments within 180 days of the settlement date of the original entry. |
| R10* | Customer Advises Unauthorized | Originator must stop initiation of entries. |
| R16 | Account Frozen | Must stop initiation of entries. |
| R20 | Non-Transaction Account | Must stop initiation of entries. |
| R29* | Corporate Advises Not Authorized | Must stop initiation of entries until new authorization has been obtained |
For a better understanding on the ACH terms, please take a look at our ACH Glossary of Terms.
*Unauthorized ACH fee will be assessed, as stated in our current fee schedule.
**A fee may be assessed for failure to respond to notice of changes as stated in our current fee schedule.