Banner Bank ACH Originator Guide

R17

Entry with Invalid Account Number Initiated Under Questionable Circumstances or Return of Improperly-Initiated Reversal: Entry is a returned due to having an invalid account number and is believed by the receiving Institution to be originated under questionable circumstances, with further details included within the Addenda Record of the Return. Either the RDFI or the Receiver has identified a Reversing Entry that was improperly initiated by the ODFI or Originator Non-Transaction Account: Policies or regulations (such as Federal Regulation D) prohibit or limit activity to the account indicated. Credit Entry Declined by Receiver: Customer refuses Entry because amount is inaccurate, account is in litigation or Originator is not known to Receiver. Duplicate Entry: Entry is a duplication of another entry. The trace number, date, dollar amount, etc., match another entry.

All

Two (2) Banking Days Originator must accept the Return and investigate the

provided authorization from the Receiver. If a valid authorization exists, the Originator may have recourse outside the ACH Network for resolution. Identify the initial transaction to determine if the reversal was proper.

R20

All

Two (2) Banking Days Originator must stop initiation of entries.

R23

All

Two (2) Banking Days from notification by Receiver

Dependent upon notification by the Receiver to the RDFI. Must obtain authorization prior to reinitiating the entry.

R24

All

Two (2) Banking Days Originator should accept the

return. If the entry has already been reversed, Originator should work with the ODFI to contact the RDFI to determine a solution. An Originator may reverse an erroneous or duplicate ACH entry/file up to five (5) Banking Days after the Settlement Date of the entry/file or it may request the RDFI to send a Return.

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