ACH Error Code R43 - What is this?

The ACH code R43 refers to “Non-Acceptance of Cash Letter Credit.” This code indicates that a receiving financial institution has refused to accept a cash letter credit entry.

A cash letter credit entry is an ACH transaction to deposit funds into a bank account. It is typically used by businesses or organizations to make large deposits or to send funds to multiple accounts at once.

There are several reasons why a receiving financial institution may refuse to accept a cash letter credit entry. Some common causes include:

• The account number provided in the transaction is invalid or does not match the account holder’s name.

• The receiving financial institution does not have an account with the originating financial institution.

• The transaction violates the receiving financial institution’s policies or procedures.

• The transaction is suspected of being fraudulent.

When a cash letter credit entry is rejected with the ACH code R43, the originating financial institution will typically need to investigate the reason for the rejection and take appropriate action. This may include correcting the account information, contacting the receiving financial institution, or canceling the transaction.