ACH parameters

4min

Arix uses ACH to push money into the account of a borrower, vendor, or creditor. CR must approve every ACH payment that is sent.
There are two types of ACH rails:
COSACH
Via NACHA
Funded next day
COSACHSD
Via NACHA
Same day funding
JSON
{
    "LoanId": "bbedd717-8589-4411-b6da-ac6e0097bf51",
    "Rails": [
        {
            "ACHFields": {
                "StandardEntryClassCode": "PPD",
                "TransactionType": "push",
                "ToRoutingNumber": "021214891",
                "ToAccountType": "Checking",
                "ToAccountName": "Anita Lon",
                "ToAccountNumber": "9999999999",
                "Description": "Loan"
            },
            "Id": "23b5fedb-bc20-41a0-a4ae-ac9300b4530e",
            "RailType": "COSACH",
            "Priority": 1,
            "Amount": 100
        }
    ]
}
{
    "LoanId": "bbedd717-8589-4411-b6da-ac6e0097bf51",
    "Rails": [
        {
            "ACHFields": {
                "StandardEntryClassCode": "PPD",
                "TransactionType": "push",
                "ToRoutingNumber": "021214891",
                "ToAccountType": "Checking",
                "ToAccountName": "Anita Lon",
                "ToAccountNumber": "9999999999",
                "Description": "Loan"
            },
            "Id": "23b5fedb-bc20-41a0-a4ae-ac9300b4530e",
            "RailType": "COSACH",
            "Priority": 1,
            "Amount": 100
        }
    ]
}
﻿
Request parameters
Attributes
Description
ToRoutingNumber
string
Receiving bank's routing number.
The value entered for this field is validated up front and it must be 9 digits long.
﻿Required ﻿
ToAccountName
string
﻿
Name on the customer account.
Limited to 22 characters.
﻿Required ﻿
ToAccountNumber
string
Account number.
Limited to 17 digits.
﻿Required ﻿
Description
string
Mapped to identification field in the NACHA file.
Limited to 15 characters.
﻿Required ﻿
StandardEntryClassCode
string
﻿
The type of account:
- PPD - consumer accounts
- CCD - corporate accounts
﻿Required ﻿
TransactionType
string
Push
﻿Required ﻿
ToAccountType
string
Checking account or savings account.
﻿Required ﻿
﻿

Attributes	Description
ToRoutingNumber string	Receiving bank's routing number. The value entered for this field is validated up front and it must be 9 digits long. Required
ToAccountName string	Name on the customer account. Limited to 22 characters. Required
ToAccountNumber string	Account number. Limited to 17 digits. Required
Description string	Mapped to identification field in the NACHA file. Limited to 15 characters. Required
StandardEntryClassCode string	The type of account: - PPD - consumer accounts - CCD - corporate accounts Required
TransactionType string	Push Required
ToAccountType string	Checking account or savings account. Required

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Updated 15 Oct 2024

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Payment rails

ACH returns