ACH Formatting

Question 1

Effective March 20, 2026, contents of the Company Entry Description field for PPD credits related to wages/salaries.

Answer 1

PAYROLL

Question 2

Rules violation classes for an egregious violation as determined by the Rules Enforcement Panel.

Answer 2

Class 2 or Class 3 Rules violation

Question 3

Fields in a reversing entry that must be identical to the erroneous entry.

Answer 3

1. Company ID or Originator ID; 2. Company Name or Originator Name; 3. Amount

Question 4

Contents of the Addenda Information field within the Addenda Record of an R17 return entry denoting an RDFI believes an entry may have been initiated under questionable circumstances, including false pretenses.

Answer 4

Questionable

Question 5

To help identify same-day entries, an ODFI may, at its discretion, require the Originator use this convention in the Company Descriptive Date file with the Company/Batch Header Record.

Answer 5

SDHHMM (HHMM=1300 for settlement desire at 1pm ET; 1700 for settlement desired at 5pm ET; 1800 for settlement desired at 6pm ET)

Question 6

Contents of the Individual Identification Number field for WEB credit entries (i.e P2P transactions).

Answer 6

Name of consumer sending the payment

Question 7

Contents of the Company Name field for WEB credit entries (i.e P2P transactions).

Answer 7

Name of the P2P service provider (i.e ODFI or TPSP)

Question 8

Contents of the Company Identification field for WEB credit entries (i.e P2P transactions).

Answer 8

Identification code of P2P service provider (i.e ODFI or TPSP)

Question 9

Contents of the Company Entry Description field for Reinitiated entries.

Answer 9

RETRY PYMT

Question 10

The standard used to identify country name within an IAT transaction.

Answer 10

ISO Country Code as defined as by the International Organization for Standardization’s (ISO) 3166-1-alpha-2 code list

Question 11

The timeframe an arbitration claim must be submitted to Nacha by complainant

Answer 11

Within 2 years of the asserted violation

Question 12

Banking convention used in the Payment Related Information field of the Addenda Record to convey a taxpayer’s federal or state tax payment information.

Answer 12

TXP

Question 13

Banking convention used in the Payment Related Information field of the Addenda Record to convey child support payment information.

Answer 13

DED

Question 14

Banking convention used in the Payment Related Information field of the Addenda Record to convey third-party tax payment information to a state taxing agency.

Answer 14

TPP

Question 15

Contents of the Company Entry Description field for Return Fee entries.

Answer 15

RETURNFEE

Question 16

Contents of the Company Entry Description field for ENR entries.

Answer 16

AUTOENROLL

Question 17

Contents of the Company Entry Description field for reversing files and entries

Answer 17

REVERSAL

Question 18

Contents of the Company Entry Description field for RCK entries.

Answer 18

REDEPCHECK

Question 19

Contents of the Company Entry Description field for Reclamation entries.

Answer 19

RECLAIM

Question 20

Contents of the Company Entry Description field for a Health Care EFT Transaction.

Answer 20

HCCLAIMPMT

Question 21

The three Field Inclusion Requirements.

Answer 21

Mandatory, required and optional

Question 22

A field that contains data at the discretion of the Originator of ODFI. The inclusion or omission of the field will not affect processing.

Answer 22

Optional Field

Question 23

Maximum number of Addenda Records allowed for an IAT transaction.

Answer 23

12 (7 mandatory;5 optional)

Question 24

The ACH Rules and Regulations E require the RDFI to provide these two pieces of information related to a POP entry on the consumer’s periodic statement.

Answer 24

Terminal City and Terminal State

Question 25

The ACH Rules and Regulations E specify what periodic statement information the RDFI is required to provide for POS entries.

Answer 25

Terminal ID, Terminal City and Terminal State and Terminal Location