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Random File Questions Flashcards

1
Q

Symbol in an addenda that is sometimes called the delimiter and acts as a comma.

A
  • (Asterisk)
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2
Q

Symbols in an addenda that is sometimes called the terminator and acts as a period.

A

\ and ~ (backslash and tilde)

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3
Q

How many characters are in an ACH block?

A

940 - each row has 94, which means 10 records in one block

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4
Q

Which SEC’s require a mandatory addenda record?

How many addendas?

A

POS/SHR/MTE - 1
COR/REFUSED COR-1
DNE - 1
All Returns - 1
IAT - 7 mandatory/5 optional
ENR/TRX- 1-9,999

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5
Q

Mandatory field that is alphanumeric and is in the 1 position field. Allows multiple files created on the same date and time to be distinguished.

A

File ID Modifier

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6
Q

What types of descriptions are in the Company Entry Description field?

A

REVERSAL/ACCT VERIFY, AND OTHERS. Will show up on the Receiver’s statement.

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7
Q

For effective date, how far in advance can these be sent to the operator for debits and credits?

A

Debits: 1 banking day in future

Credits: 2 banking days in future.

(Any further will be rejected as R18)

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8
Q

Where is the ORIGINATOR STATUS CODE located and what are the 3 different codes used?

A

Batch header record

0 - ADV file prepared by ACH Operator
1 - Identifies the originator as a DFI
2 - Identifies the originator as a federal government agency

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9
Q

For the Service Class Code, what are the 3 digit numbers used with descriptions?

A

200 - debits & credits
220 - credits only
225 - debits only
280 - automated accounting advices

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10
Q

How is the originating DFI’s routing number determined?

A

8 digit field which is the first digit of the routing number. The last digit comes from
The Check Digit Field

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11
Q

How many max digits are in the account number?

A

17

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12
Q

How many digits are in the amount field for an entry?

A

10 digits

Example: 99,999,999.99 (without commas and periods)

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13
Q

For the mandatory Addenda indicator field, what are the numbers that are used?

A

0 - no addenda
1 - at least one addenda

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14
Q

What are the 2 digit Addenda Type Codes with descriptions?

A

02: POS/SHR/MTE
10 -18: IAT’s
98: NOC’s
99: RETURNS
05: all the others

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15
Q

What field is not mandatory in the file header record?

A

Immediate destination name

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16
Q

What SEC has a requirement to print the Individual ID Number Field on the consumer Receiver’s statement?

A

WEB Credit

17
Q

How many characters are included in an IAT’s country codes?

A

2

18
Q

What field is NOT a field minimally included in the File Acknowledgement Entry from the ACH Operator for each file that was not rejected by the ACH Operator?

A

Settlement Date

19
Q

The company name in the batch header record is:

A

Mandatory

20
Q

What field does NACHA recommend as an optional indicator to identify Same Day ACH Entries?

A

Company descriptive date

21
Q

A block consists of how many records (rows)?

A

10

22
Q

The addenda convention used for federal taxpayer payments.

A

TXP

23
Q

What does the Service Class Code identify in the company batch header and company batch control record?

A

General classification of dollar entries in batch

24
Q

What number does each ACH Tran codes start with for different account types?

A

DDA’s start with 2
Sav start with 3
GL Start with 4
Loans start with 5 (credits only) 55 for loans only if reversal

25
Q

Credit and debit Tran codes for DDA’s:

A

22 - Credit
27 - Debit

Same for savings but use 3 as beginning number.

Same for GL but use 3 as beginning number.

26
Q

When returning a questionable transaction as R17, QUESTIONABLE should be in what field?

A

Addenda information field

27
Q

The seventh IAT Addenda Record has an Addenda type code of…

A

16

28
Q

File-level rejection by the ACH Operator means:

A

The ODFI has chosen to have the entire file rejected if any of the batches within the file contain invalid data.

29
Q

In which record do you find the block count?

A

File control record #9

30
Q

Company entry description for XCK entries.

A

NO CHECK

31
Q

Fields in a file that must be in UPPERCASE.

A

SEC
Change code for refused COR
Return reason code
IAT indicator field
File ID modifier
Company Name field = CHECK DESTROYED

32
Q

Return/NOC Tran codes based on account type

A

DDA - 21/26
SAV - 31/36
GL - 41/46
Loan - 51/56

33
Q

What SEC codes do NOT allow for addenda info?

A

ARC/BOC/POP/XCK/RCK (all check types)
ADV
TEL
TRC

34
Q

What SEC codes allow for an optional addenda?

A

PPD/CCD - 1
CIE - 1
WEB - 1
IAT - 5
ACK - 1
ATX - 1
CTX - 1

35
Q

When returning an IAT, how many addenda records?

A

8

All 7 mandatory must travel back plus 1 additional with return info.

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