ACH code R62 indicates that the company identification used in an Automated Clearing House (ACH) transaction is invalid. This means that the identification number of the company or organization initiating the transaction needs to be corrected or match the name associated with the number.
The company identification number is a unique identifier the ACH operator assigns to a business or organization. It ensures that transactions are correctly credited and debited to the correct account. The transaction may be accepted or processed correctly if the identification number is valid.
If you receive an R62 code, you should contact the company or organization that initiated the transaction to confirm their identification number and ensure that it is accurate. If you’re the company or organization responsible for the marketing, you should verify that the information you provided to the ACH operator is correct and current.