What Does Return Mobile ACH Payment Mean?
Payment Savvy
FEBRUARY 23, 2023
incorrect digits) 2 banking days Unauthorized debit to consumer account using Corporate SEC code R05 The account number of a customer is a personal bank account, not a corporate one (in cases of B2B payments) 60 calendar days Returned due to ODFI’s request R06 Authorization was failed (e.g., types incorrectly, out of sequence, etc.)
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