Payment types

ach payment types intro cross river offers both standard and same day ach payments you can send payments using our api either individually, or in docid\ a6piikl4qllwwnkfj5txq important the payment information and data you send to cross river must include a docid\ m8a5dbzfhh5tv1nytk9aw and conform to docid\ qq3d8sbtuetgrtkaxtk1m standard ach use standard ach payments for regular funds transfers such as paychecks or bill payment a standard ach payment can take up to two business days to docid\ qq3d8sbtuetgrtkaxtk1m the fed refers to this as “future dated ” cross river supports all domestic ach payment transactions you can transfer funds from one us bank account to another the servicetype attribute value in the docid\ ilwmf5qntmlo30d2h3rch api will always be standard an ach payment is either a push or pull depending on your docid\ gp67odbdcrlurhnnyukkr in the transaction both the originator and the receiver can push or pull funds the originating depository financial institution (odfi) sends fund or sends a pull requests (to receive funds) the receiving depository financial institution (rdfi) receives funds or receives a pull request (to send funds) set the value to pull or push for the transactiontype attribute in the docid\ ilwmf5qntmlo30d2h3rch api see our docid\ r05hyqe8nvccwbgm1ja1 and our docid\ hliqojnmhjwjri29z0ryt tutorial international payments for the cross river comprehensive international payment solution, see docid 3evrgfmqc 15mblv j3cp the ach system is domestic (us only) however, it can facilitate funds transfers through similar payment systems in other countries this allows you to transfer funds internationally using ach if you want to transfer funds internationally using cross river and ach, you need a us intermediary {{fi}} (a us bank that can do international transfers) with a relationship with the fi of the international account we pass the payment information and funds to the intermediary fi, which sends it to the corresponding international account i f you want to receive funds from outside the us using ach, the funds will first be transferred to an intermediary fi, and from there be transferred to us any payment over the ach network that originates or ends in a foreign fi must use the iat docid\ m8a5dbzfhh5tv1nytk9aw the cross river service type will always be standard validation (prenote) you can use an ach prenote if you want to validate bank account information before sending or receiving any funds for example, if a utility company automatically withdraws a payment from a customer account, it sends an ach prenote before it sends the request to withdraw the funds a successful prenote call results in no error or change notification sending an ach prenote is simple you docid\ hliqojnmhjwjri29z0ryt with a value of $0 00 you can use ach prenotes for both credits and debits learn more about ach prenotes and account validation from the nacha https //www nacha org/content/account validation resource center same day ach when you send a payment using same day ach, the funds are available to the {{rdfi}} on the docid\ qq3d8sbtuetgrtkaxtk1m provided the payment is sent within the defined same day docid\ e2visf8pqw49xrcm5ayly there is a limit of $1,000,000 00 per same day ach transaction same day ach uses the docid\ ilwmf5qntmlo30d2h3rch as standard ach, however the docid\ e2visf8pqw49xrcm5ayly is smaller and you set the servicetype attribute to sameday important the payment information and data you send to cross river must conform with the docid\ m8a5dbzfhh5tv1nytk9aw and docid\ qq3d8sbtuetgrtkaxtk1m