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#2242750 - 09/18/20 08:11 PM Re-initiate return entry
nu2regs Offline
Joined: Mar 2013
Posts: 71
When an ACH entry is returned as a R01 or R09 our current practice is for the originator to create a new entry and submit it in a new batch. The new entry does not have "RETRY PAYMENT" within entry..... To me it sounds like we are circumventing the reinitiate return entry process by just re-creating a new entry... thoughts?

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eBanking / Technology
#2243225 - 09/28/20 09:31 PM Re: Re-initiate return entry [Re: nu2regs]
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 38,662
Cape Cod
Including "RETRY PYMT" in the Company Entry Description field is required when reinitiating an ACH debit entry returned R01 or R09. See Nacha Operating Rules subsections 2.12.4, and, in particular

Including the "RETRY PYMT" in the reinitiated entry assists the RDFI in identifying what's happening. It also alerts it to keep track of whether the two re-tries limit is exceeded (more serious breach, IMO).

I won't presume to guess the reason you're not including the required text..
Last edited by John Burnett; 09/28/20 09:44 PM.
John S. Burnett
Fighting for Compliance since 1976
Bankers' Threads User #8

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