ACH Formatting Flashcards
8%
The SEC Code field is found in which record?
5 record - Company / Batch Header Record
Which SEC Codes have one or more mandatory Addenda Records?
COR, DNE, ENR, IAT (7), POS, SHR, MTE, and TRX
Which SEC Codes have one or more optional Addenda Records?
ACK, ATX, CCD, PPD, CIE, CTX, IAT (5), and WEB
What is the maximum number of batches permitted in a File?
999,999
How many characters are in a block?
940
What are the three field inclusion requirements?
Mandatory, required, and optional
Omission of this field inclusion will cause the ACH Operator to reject or pend a File, batch, or Entry.
A mandatory field
Omission of this field inclusion MAY lead to this participant rejecting the Entry.
A required field
Inclusion of information in this type of field does not impact acceptance of an Entry.
An optional field
What are the three Payment Type Codes and what do they indicate?
S - Single Entry
R - Recurring Entry
ST - Entry initiated as part of a Standing Authorization
List the sequence of Records for a File that has one batch with one Entry with one Addenda.
File Header Record
Company / Batch Header Record
Entry Detail Record
Addenda Record
Company / Batch Control Record
File Control Record
Which Record contains the Entry / Addenda Record counts, total debit and credit Entry dollar amounts, and identification code for an Originator?
Company / Batch Control Record
The ODFI’s routing number is contained in the first eight spaces of this 15-character field.
Trace Number
What is the SEC Code for a Notification of Change?
COR
What ten-character word MUST be in all caps in the Company Entry Description field of a Micro-Entry?
ACCTVERIFY
What Record identifies the non-consumer Originator and the purpose of the Entry?
Company / Batch Header Record
This three-character, numeric field is inserted by the ACH Operator and is based on a Julian calendar.
Settlement Date
What are the two values that can be used as a segment terminator?
Backslash ( \ ) and tilde (~)
What value is used as a data element separator?
Asterisk (*)
What two-character field indicates the type of account and type of payment?
Transaction Code
What MUST be in the Company Name field of a WEB credit?
The P2P service provider’s name
(ODFI or Third-Party Service Provider)
What Record contains the Immediate Origin and Immediate Destination fields?
File Header Record
Which field does an Originator use to indicate the Banking Day on which a batch of Entries is intended to settle?
Effective Entry Date
What is the maximum amount an Entry can be?
99,999,999.99
(10 positions, $$$$$$$$¢¢)
What does the first digit of the two-digit transaction code identify? List the five possibilities.
The type of account. For example:
2 - DDA / checking
3 - Savings
4 - GL
5 - Loan
8 - Accounting records
Which Record contains the Receiver’s routing and account number?
Entry Detail Record
What type of fields are left-justified and space filled?
Alphameric fields
This one-character field is alphameric, mandatory, and differentiates between multiple Files on the same day.
File ID Modifier
What type of fields are right-justified and zero filled?
Numeric fields
What does the second digit of the two-digit transaction code identify and list the nine possibilities?
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
