Banner Bank ACH Originator Guide

batch. The Batch Header travels with each entry to the receiving financial institution. The Rules require the Company Name field to contain the name of the Originator, which is known and readily recognized by the Receiver. Originators that need to separate the activity of multiple divisions or activities within the company may use the Company Number field to identify those unique lines of business. Banner’s Treasury Management Support team can assist you in assigning a Company Number to originated batches, if needed. The Batch Header Record also includes the Effective Entry Date, which indicates when an Originator intends for an entry to post to a Receiver’s account and the SEC Code. The Rules' formatting specifications also permit multiple batches to be included within a single file. This allows for assigning varying Settlement Dates for entries, using different SEC Codes, or internal accounting preferences. File Level Records: The outmost “wrapper” of an ACH file is the File Header Record. This indicates the source and destination of the file and the date and time it was created. The File Control Record, which closes out the file, indicates the total entry and batch counts and total debit and credit dollar amounts of the file. Below is a sample of an originated ACH file, which includes all the required details to comply with formatting requirements. Please reference Appendix Three of the Rules for a full list of all fields and formatting standards, including how to program your systems to create an ACH formatted file.

17