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AAP Exam Study Cards > Return Reason Codes > Flashcards

Return Reason Codes Flashcards

1
Q

R01

A

Insufficient Funds

Return initiated by the RDFI to a consumer or non-consumer

(2 Banking Days)

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2
Q

R02

A

Account Closed

Return initiated by the RDFI to a consumer or non-consumer

(2 Banking Days)

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3
Q

R03

A

No Account/ Unable to Locate account

Return initiated by the RDFI to a consumer or non-consumer

(2 Banking Days)

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4
Q

R04

A

Invalid account number structure.

Return initiated by the RDFI to a consumer or non-consumer

(2 Banking Days)

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5
Q

R05

A

Unauthorized Debit
to consumer account
using corporate SEC Code

Return initiated by RDFI to Consumer

WSUD needed

(60 Calendar Days)

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6
Q

R06

A

Return per ODFI’s Request.

Return initiated by the RDFI to a consumer or non-consumer

Time frame determined by ODFI and RDFI.

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7
Q

R07

A

Authorization Revoked by Customer

Return initiated by the RDFI to a consumer

(60 Calendar Days)

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8
Q

R08

A

Payment Stopped

Return initiated by the RDFI to a consumer or non-consumer

(2 Banking Days)

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9
Q

R09

A

Uncollected Funds

Return initiated by the RDFI to a consumer or non-consumer

(2 Banking Days)

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10
Q

R10

A

Customer advises originator is not known
or authorized to debit account.

Extended return Initiated by RDFI to a consumer for ARC, BOC, IAT, or POP, entries may also be a non consumer.

WSUD needed

(60 Calendar Days)

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11
Q

R11

A

Customer advises entry not in accordance with the terms of the authorization.

Extended return initiated by RDFI to a consumer. For ARC, BOC, IAT, or POP, entries may also be a non consumer.

WSUD needed

(60 Calendar Days)

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12
Q

R12

A

Account sold to another DFI

Initiated by the RDFI to a consumer or non consumer

(2 Banking Days)

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13
Q

R13

A

Invalid ACH Routing Number.

This reject/return is initiated by the ACH Operator to a consumer or non consumer.

Time Frame: Next file delivery time following processing

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14
Q

R14

A

Representative Payee deceased or unable to continue in that capacity.

Return initiated by the RDFI to a consumer or non-consumer

(2 Banking Days)

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15
Q

R15

A

Beneficiary or Account Holder Deceased

Return initiated by the RDFI to a consumer

(2 Banking Days)

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16
Q

R16

A

Account Frozen/Entry returned per OFAC instructions.

Return Initiated by RDFI or Gateway to a consumer on non-consumer

(2 Banking Days)

17
Q

R17

A
  • Invalid account info.
  • Questionable.
  • Suspicious.
  • Anomalous.

Return initiated by RDFI to a consumer or non consumer.

The RDFI must insert “QUESTIONABLE” within the first twelve positions of the Addenda Info. Field.

(2 Banking Days)

18
Q

R18

A

Improper Effective Entry Date

Reject/Return initiated by the ACH Operator to a consumer or non consumer.

Return Time Frame: Next file delivery time following processing.

19
Q

R19

A

Amount Field Error

Return/Reject initiated by the ACH operator to a consumer or non consumer.

Return time frame: Next file delivery time following processing.

20
Q

R20

A

Non-Transaction Account

Return initiated by the RDFI to a consumer or non-consumer

(2 Banking Days)

21
Q

R21

A

Invalid Company Identification Number

Return initiated by the RDFI to a non-consumer

Generally used on CIE transactions.

(2 Banking Days)

22
Q

R22

A

Invalid Individual ID Number

Return initiated by the RDFI to a consumer or non-consumer

(2 Banking Days)

23
Q

R23

A

Credit Entry refused by receiver

Return initiated by the RDFI to a consumer or non-consumer

(Must be transmitted to ACH Operator and available to ODFI by opening of 2nd business day)

24
Q

R24

A

Duplicate Entry

Return initiated by the RDFI to a consumer or non-consumer

(2 Banking Days)

25
Q

R25

A

Addenda Error

Reject/Return initiated by ACH Operator to a consumer or non consumer.

Time Frame: Next file delivery time following processing

26
Q

R26

A

Mandatory Field Error

Erroneous data or missing data in a mandatory field.

Reject/Return initiated by ACH Operator to consumer or non consumer

Time Frame: Next file delivery time following processing.

27
Q

R27

A

Trace Number Error

Reject/Return initiated by ACH Operator to a consumer or non consumer.

Time Frame: Next file delivery time following processing.

28
Q

R28

A

Routing Number Check digit error

Reject/Return initiated by ACH Operator to a consumer or non consumer.

Time Frame: Next file delivery time following processing.

29
Q

R29

A

Corporate customer advises not authorized

Return Initiated by RDFI to a non consumer.

(2 Banking Days)

30
Q

R30

A

RDFI not participant in check truncation program.

Reject/Return Initiated by ACH Operator no a consumer or non consumer account.

Time Frame: Next file delivery time following processing.

31
Q

R31

A

Permissible Return Entry (CCD and CTX only)

The RDFI may return a CCD or CTX entry that the ODFI agrees to accept.

Return initiated by RDFI to a non consumer

Time Frame determined by the ODFI and RDFI

32
Q

R32

A

RDFI non-settlement

The RDFI is unable to settle the entry.

Reject/Return initiated by ACH Operator to a consumer or non consumer.

Time Frame Next file delivery time following processing.

33
Q

R33

A

Return of XCK Entry

Extended return initiated by RDFI to a consumer or non consumer.

(60 Calendar Days)

34
Q

R34

A

Limited Participation DFI

The RDFI’s participation has been limited by a federal or state supervisor.

Reject/Return initiated by ACH Operator to a consumer or non consumer.

Time Frame: Next file delivery time following processing

35
Q

R35

A

Return of improper debit entry

Are not permitted for CIE

Reject/Return initiated by ACH Operator to a consumer or non consumer account.

Time Frame: Next file delivery time following processing

36
Q

R36

A

Return of improper Credit entry

are not permitted for use with ARC, BOCK, POP, RCT, TEL, and XCK

Reject/Return initiated by ACH Operator to a consumer or non consumer.

Time Frame: Next file delivery time following processing.

37
Q

R37

A

Source Document presented for payment.

Source document to which an ARC, BOC, OR POP entry relates has been presented for payment.

Extended Return initiated by RDFI to a consumer or non consumer.

(60 Calendar Days)

38
Q

R38

A

Stop payment on source document

The RDFI determines a stop payment order has been placed on the source document to which the ARC or BOC entry relates.

Extended return initiated by RDFI to a consumer or non consumer.

(60 Calendar Days)

39
Q

R39

A

Improper Source document/ source document presented for payment

Return initiated by RDFI to a consumer or non consumer.

(2 Banking Days)

AAP Exam Study Cards (45 decks)

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