Banner Bank ACH Originator Guide

Exhibit B – Supported Standard Entry Class Codes The following chart outlines and defines the Standard Entry Class (SEC) Codes 6 supported by Banner Bank. Please refer to the Rules for additional details about each SEC Code.

SEC Code

Description

Transaction Type

Entity Type

Authorization Requirement

Prearranged Payment & Deposit Entry: An entry originated by a business to a consumer account based on a standing or single-entry authorization from the Receiver of the Entry. PPD entries are more widely known as Direct Deposit and Direct Payment. The Direct Deposit application provides the ability to disburse funds to consumer accounts. the account of the same business or another organization. The entry can be monetary or non-monetary. CCD entries include the transfer of funds between businesses or to consolidate funds from several accounts of the same business ownership. Child Support Payments and Federal & State Tax Payments are also examples of CCD entries. Corporate Trade Exchange Entry: An entry originated by a business to/from the account of another business. This entry may be accompanied by up to 9,999 lines of payment-related addenda information (i.e., supplemental information to properly apply the received payment). CTX is most commonly used when multiple lines of addenda are needed. Corporate Credit or Debit Entry: An entry originated by a business to/from

Consumer In writing and signed or similarly authenticated for consumer debits Orally or other written or non- written means for credits

Debit or Credit

PPD

Single or Recurring Entry

CCD

Debit or Credit Single or Recurring Entry

Corporate

Agreement between Originator and Receiver

Debit or Credit Single or Recurring Entry

Corporate Agreement between Originator and Receiver

CTX

6 Note that your ACH origination privileges may not be enabled for all codes. Please check with your Treasury Management Consultant regarding your specific setup.

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