Digital lending
Payment rails

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


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 



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Updated 07 Oct 2024
Doc contributor
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