ACH rail

ach rails arix uses ach to push money into the account of a borrower, vendor, or creditor cross river must approve every ach payment that is sent there are two types of ach rails cosach via funded next day cosachsd via nacha same day funding { "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 \<font color="#eb144c">required \</font> toaccountname string name on the customer account limited to 22 characters \<font color="#eb144c">required \</font> toaccountnumber string account number limited to 17 digits \<font color="#eb144c">required \</font> description string mapped to identification field in the nacha file limited to 15 characters \<font color="#eb144c">required \</font> standardentryclasscode string the type of account ppd consumer accounts ccd corporate accounts \<font color="#eb144c">required \</font> transactiontype string push \<font color="#eb144c">required \</font> toaccounttype string checking account or savings account \<font color="#eb144c">required \</font> returns ach credits are not final as are wires when arix uses an ach rail to process a loan, the rail can be returned from the fed at any point in the process returns typically occur within several days of funding, but they can be generated up to 180 days from the funding date arix uses webhooks to update the funding status of a loan