ACH FAQ

ach – frequently asked questions this section answers common questions about how ach works at cross river, from standard vs same day processing, to settlement windows, return reasons, nocs, and compliance checks what is ach? ach docid 3tt7a4ny2fyvmzeemfwut (automated clearing house) is a common electronic payment method for direct deposits, bill payments, and other transfers cross river supports domestic ach payments, validating files to meet nacha rules before sending to the federal reserve what services does cross river offer? outbound docid\ rqqtpgcfu3hqrgmqmuerm and inbound docid\ rqqtpgcfu3hqrgmqmuerm ach payments single or batched payments docid\ a6piikl4qllwwnkfj5txq (up to 5,000 per batch) same day docid 0papbzybjf0lzpac8 trw and standard docid 0papbzybjf0lzpac8 trw settlement early direct deposit (edd) for faster access to payroll how do outbound and inbound ach payments work? outbound docid\ rqqtpgcfu3hqrgmqmuerm push send funds to another account (credit) outbound pull request funds from another account (debit) inbound docid\ rqqtpgcfu3hqrgmqmuerm push receive funds from another account (credit) inbound pull authorize another account to pull funds (debit) what are ach payment types? standard docid 0papbzybjf0lzpac8 trw ach settles in 1–2 business days, used for payroll, bill payments, and recurring transactions same day docid 0papbzybjf0lzpac8 trw ach settles the same business day (max $1,000,000 per transaction) prenotes docid 0papbzybjf0lzpac8 trw $0 00 test transactions to validate bank account info before sending funds what are sec codes? sec codes docid\ m8a5dbzfhh5tv1nytk9aw classify ach transactions per nacha rules (e g , ppd for payroll, ccd for corporate payments, web for online payments) correct sec codes must be included when originating payments what is early direct deposit (edd)? eed docid\ lyadanytj ojai8xbow98 lets employees access payroll funds as soon as cross river receives the ach file, instead of waiting for the scheduled payment date requires customer enrollment and payroll delivery to the federal reserve on time how does settlement work? credits docid\ qq3d8sbtuetgrtkaxtk1m funds must be available by settlement date (9 00 a m local for standard ach; multiple windows for same day ach) debits docid\ qq3d8sbtuetgrtkaxtk1m processed on settlement date; same day debits must not post early returns and reversals docid\ jb5swmyqlttdp8vqvsuip governed by nacha rules for insufficient funds, errors, or disputes what are the roles in an ach transaction? originator initiates payment (credit or debit) odfi (originating bank) sends payment to ach operator ach operator processes and forwards payments (e g , federal reserve) rdfi (receiving bank) receives and posts payment to receiver account receiver final recipient of funds third party sender (optional) facilitates origination on behalf of originator or odfi can ach support international payments? ach is domestic (us only), but international docid 0papbzybjf0lzpac8 trw transfers can be facilitated via a us intermediary bank using the iat sec code how are batch payments handled? batches docid\ a6piikl4qllwwnkfj5txq are split into individual records for processing each payment can go on hold or be sent independently; progress can be tracked via api what are returns and reversals? returns docid\ jb5swmyqlttdp8vqvsuip when the rdfi cannot post a payment (e g , insufficient funds, unauthorized debit) reversals docid\ jb5swmyqlttdp8vqvsuip correct errors in settled payments (duplicate, wrong amount/account) must comply with nacha rules for more information, please visit our ach docid 3tt7a4ny2fyvmzeemfwut pages