ACH Records Exercise

Question 1

Name two of the fields in the Batch Header Record that must be changed to originate a File Reversal.

Answer 1

Company Entry Description to REVERSAL, Effective Entry Date, Service Class Code

Question 2

What fields in the Entry Detail Record must be changed to originate a File Reversal?

Answer 2

Transaction Code

Question 3

In the Addenda Record, what function does the asterisk have? What is it called?

Answer 3

The asterisk is the data element separator and is called the delimiter.

Question 4

In the Addenda Record, what function does the backslash have? What is it called?

Answer 4

The backslash is the end of segment indicator and is called the terminator.

Question 5

In an IAT transaction, which Addenda Record carries the Transaction Type Code? i.e., PEN, PAY, etc

Answer 5

First IAT Addenda Record

Question 6

Which Record and which Field contain the Check Serial Number and Terminal information in an IAT Entry that came from a POP transaction?

Answer 6

IAT Addenda Record for Remittance Information, Payment Related Information Field

Question 7

Which SEC Code requires that the Addenda Records be included on a Return Entry?

Answer 7

IAT

Question 8

The Addenda Indicator has a value of

Answer 8

0 or 1.

Question 9

How many records are in a Block? In which record do you find the Block Count?

Answer 9

Ten 10 records are in a block. The File Control Record - 9.