ACH Formatting

Question 1

The SEC Code field is found in which record?

Answer 1

5 record - Company / Batch Header Record

Question 2

Which SEC Codes have one or more mandatory Addenda Records?

Answer 2

COR, DNE, ENR, IAT (7), POS, SHR, MTE, and TRX

Question 3

Which SEC Codes have one or more optional Addenda Records?

Answer 3

ACK, ATX, CCD, PPD, CIE, CTX, IAT (5), and WEB

Question 4

What is the maximum number of batches permitted in a File?

Answer 4

999,999

Question 5

How many characters are in a block?

Answer 5

940

Question 6

What are the three field inclusion requirements?

Answer 6

Mandatory, required, and optional

Question 7

Omission of this field inclusion will cause the ACH Operator to reject or pend a File, batch, or Entry.

Answer 7

A mandatory field

Question 8

Omission of this field inclusion MAY lead to this participant rejecting the Entry.

Answer 8

A required field

Question 9

Inclusion of information in this type of field does not impact acceptance of an Entry.

Answer 9

An optional field

Question 10

What are the three Payment Type Codes and what do they indicate?

Answer 10

S - Single Entry
R - Recurring Entry
ST - Entry initiated as part of a Standing Authorization

Question 11

List the sequence of Records for a File that has one batch with one Entry with one Addenda.

Answer 11

File Header Record
Company / Batch Header Record
Entry Detail Record
Addenda Record
Company / Batch Control Record
File Control Record

Question 12

Which Record contains the Entry / Addenda Record counts, total debit and credit Entry dollar amounts, and identification code for an Originator?

Answer 12

Company / Batch Control Record

Question 13

The ODFI’s routing number is contained in the first eight spaces of this 15-character field.

Answer 13

Trace Number

Question 14

What is the SEC Code for a Notification of Change?

Answer 14

COR

Question 15

What ten-character word MUST be in all caps in the Company Entry Description field of a Micro-Entry?

Answer 15

ACCTVERIFY

Question 16

What Record identifies the non-consumer Originator and the purpose of the Entry?

Answer 16

Company / Batch Header Record

Question 17

This three-character, numeric field is inserted by the ACH Operator and is based on a Julian calendar.

Answer 17

Settlement Date

Question 18

What are the two values that can be used as a segment terminator?

Answer 18

Backslash ( \ ) and tilde (~)

Question 19

What value is used as a data element separator?

Answer 19

Asterisk (*)

Question 20

What two-character field indicates the type of account and type of payment?

Answer 20

Transaction Code

Question 21

What MUST be in the Company Name field of a WEB credit?

Answer 21

The P2P service provider’s name
(ODFI or Third-Party Service Provider)

Question 22

What Record contains the Immediate Origin and Immediate Destination fields?

Answer 22

File Header Record

Question 23

Which field does an Originator use to indicate the Banking Day on which a batch of Entries is intended to settle?

Answer 23

Effective Entry Date

Question 24

What is the maximum amount an Entry can be?

Answer 24

99,999,999.99
(10 positions, $$$$$$$$¢¢)

Question 25

What does the first digit of the two-digit transaction code identify? List the five possibilities.

Answer 25

The type of account. For example:
2 - DDA / checking
3 - Savings
4 - GL
5 - Loan
8 - Accounting records

Question 26

Which Record contains the Receiver’s routing and account number?

Answer 26

Entry Detail Record

Question 27

What type of fields are left-justified and space filled?

Answer 27

Alphameric fields

Question 28

This one-character field is alphameric, mandatory, and differentiates between multiple Files on the same day.

Answer 28

File ID Modifier

Question 29

What type of fields are right-justified and zero filled?

Answer 29

Numeric fields

Question 30

What does the second digit of the two-digit transaction code identify and list the nine possibilities?

Answer 30

The type of action to take. For example:
1 - Automated Return or NOC for original Entry Transaction Code of 22, 23, 24, 32, 33, 34, 42, 43, 44, 52, 53, or 54
2 - Automated deposit
3 - Prenote, DNE, or ENR
4 - Zero-Dollar Entry with remittance data for CCD, CTX, and IAT Entries only; ACK an ATX for checking or savings only
5 - Automated loan account debit (Reversals only)
6 - Automated Return or NOC for original Entry Transaction Code of 27, 28, 29, 37, 38, 39, 47, 48, 49, or 55
7 - Automated payment
8 - Prenotification
9 - Zero-Dollar Entry with remittance data for CCD, CTX, and IAT Entries only