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Why ACH SECs are important

As an RDFI (Receiving bank), should we be concerned about which Standard Entry Class Code (SEC) the ODFI (Originating Bank) uses to send ACH transactions?

Yes, you should! Use of the wrong SEC by the ODFI and/or Originator can create aggravation and extra work for your bank (i.e. increased returns with associated costs and activities) and even affect return rights (e.g., consumer SEC posts to a business account).
Learn more about Rayleen Pirnie’s webinar
ACH Basics: Part 1

First published on 03/12/2017

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