iCheckGateway.com | ACH Rules

ACH Entry Class Code Rules

ACH Rules change from time to time. Each originator of ACH transactions is expected to know and follow the rules as determined by the National Automated Clearing House Association (NACHA). This page is a high level summary of the Entry Class Codes used in iCheckGateway.com and is not intended to be all-inclusive of the rules.

PPD
Predetermined Payment & Deposit entries are contractual electronic payments or deposits to a consumer account.

Basic Rules - PPD
• Electronic transactions must be authorized in writing.
• Authorization must contain information about the amount and dates of the transaction(s).
• Authorization must be maintained for two years and be made available to the receiving (check writer’s) bank within 10 banking days upon request.

CCD
Cash Concentration or Disbursement entries are contractual electronic payments or deposits to a corporate account.

Basic Rules - CCD
• Electronic transactions must be authorized in writing.
• Authorization must contain information about the amount and dates of the transaction(s).
• Authorization must be maintained for two years and be made available to the receiving (check writer’s) bank within 10 banking days upon request.

TEL
Telephone Initiated entries are single entry electronic payments or deposits to a consumer account initiated by the consumer via telephone.

Basic Rules – TEL
• These transactions must be authorized verbally and the authorization recorded or confirmation of the authorization may be sent to the customer via e-mail or regular mail. It is strongly encouraged that the merchant record all verbal authorizations in order to prove compliance.
• Authorization must contain information about the amount and dates of the transaction(s).
• Authorization must be maintained for two years and be made available to the receiving (check writer’s) bank within 10 banking days upon request.