This results in an ACH return reason code, a three-character code that provides a little more detail about the specific nature of the problem. Can ACH payments be returned? Yes, ACH payments can be returned, and it’s a normal part of standard ACH processing. There are a broad range of...
When an ACH transfer cannot be processed, the ACH network returns a 'rejection code' or 'return code' that explains why a transfer wasn't completed. The reason could be as simple as a wrong account number or as complicated as rules and restrictions that financial institutions place on these ...
Exception Return Reason Codes R05 Unauthorized Debit to Consumer Account using Corporate SEC Code 60 calendar daysNeed Written Statement of Unauthorized Debit from receiver/account holder of consumer account. NOTE: Consumer Account as defined by Regulation E.Abbreviations...
This percentage is calculated based on ACH debit returns for the preceding 60 days on the following return reason codes: R05, R07, R10, R11, R29 and R51.Overall Returns must stay below 15%. This percentage is calculated based on ACH debit returns for the preceding 60 days and includes ...
Return CodeReason for Return & DescriptionReturn Time FrameDeactivated or SuspendedFunding Source UnverifiedFunding Source RemovedFunding Source Blocklisted* R01 Insufficient Funds Available balance is not sufficient to cover the dollar value of the debit entry. 2 banking days No No No No R02 Bank ...
Every ACH return comes with a certain return code, which consists of the letter R and a two-figure number. Each of these codes has a different reason for the return. Note: Each return code has a return time frame, a period during which the client may dispute the ACH return in question...
Another reason for a return may be that your customer has a debit block in place. If a transaction is returned for this reason, you'll be charged a return fee and will need to ask your customer to call their bank to get the debit block lifted from their bank account. Since ACH ...
ACH Return Codes Below is a list of decline reason codes for ACH rejections. If you have enabled the Decline IPN, the IPN you receive will contain the specific return code. CodeName R01 Insufficient Funds R02 Account closed R03 No account/unable to locate account (Account number does not ...
If an ACH transaction is returned by your payer's bank, a reason code for the returned transaction is included. Depending on the reason code, the transaction can be corrected and re-submitted for processing. The table below provides return reason codes and explains what steps you can take if...
If the payment is returned, the status changes to an R code, with the number indicating the reason for the return. Payment status is described fully in "ACH Status Codes" on page 49. Retrying Returned Payments A return is a payment that has been returned to the ODFI by the RDFI or ...