What Are Ach Return Codes

R01Insufficient FundsR05Unauthorized Debit EntryR06Returned per ODFI’s RequestR07Authorization Revoked by Customer (adjustment entries)R08Payment Stopped or Stop Payment on Item

What is ACH code?

An ACH Code stands for Automated Clearing House Code. It is a network used for electronic money transfers and electronic payments. … These are created by the customer and given information about the bank and the savings/current account of the holder, through which the payment is to be made.

What is a ach return?

An ACH return is, put simply, a message that lets the ODFI know the ACH Network couldn’t collect funds from or deposit funds into a Receiver’s account. Typically, an ACH return comes from the RDFI, but in some instances the ODFI or even the ACH Operator itself might send such a message.