In order to guarantee the smooth operation of your business’s Automated Clearing House (ACH) payment system, it is essential to be familiar with the various return codes associated with ACH payments, including how to handle a returned payment. This article specifically focuses on the R23 ACH re...
R62 – Return of Erroneous or Reversing Debit The Originator’s/ODFI’s use of the reversal process has resulted in, or failed to correct, an unintended credit to the Receiver. Time Frame: Within Five Banking Days After the Settlement Date of the Return Entry ...
The receiver did not authorize credit entry for the account. Solutions to Fix R23 Return Code Return codes shouldn’t deter you from accepting ACH payments at your business, as they’re generally easy to fix. To fix an ACH R23 return code, contact the vendor about processing. It helps to...
There are around 70 unique return codes, don’t worry, you don’t have to know them all. Return codes come for a myriad of reasons dependent on several factors. Some of the considerations would be if the transaction is a Debit or Credit, the type of account it settles (posts) to, ...
R35 – Return of Improper Debit Entry: Debit Entries aren’t permitted for loan accounts or CIE Entries (except in the case of reversing Entries). R36 – Return of improper Credit Entry: ACH Credit Entries aren’t permitted to use with ARC, BOC, POP, RCK, TEL, and XCK (except in the...
return_codeX SeeACH Return Codesfor possible values. Example:"R01" sourceX Name of the originating depository financial institution (ODFI). Example:"Bank of Centerville" source_idX Identifier for thesource. Example:"3029674" timestampX Date-time when this event was created inMountain Standard Tim...
ACH credit entries cannot be used with XCK, TEL, POP, RCK, BOC, and ARC. R37 – Source Document Presented for Payment The source document referring to POP, BOX, or ARC has been prepared for the transaction Additional ACH Return Codes ...
ACH (Automated Clearing House), sometimes referred to as electronic check processing, e-Check, or ECP, is an alternative to credit card payments. It is an online payment method where money is electronically withdrawn from your shopper’s bank account and then deposited into the merchant’s own...
R35 Return of improper debit entry R36 Return of improper credit entry R40 Return of ENR entry by federal government agency (ENR Only) R41 Invalid transaction code (ENR Only) R42 Routing number/check digit error (ENR only) R43 Invalid DFI account number (ENR only) R44 Invalid individual ID...
Read now What is an ACH debit? The complete rundown Read now ACH vs credit cards: The benefits of ACH for business Read now ACH Risk: How to assess ACH payment risk and reduce returns Read now ACH return codes: What they mean and how to minimize risk Read now ...