ACH code R65 indicates that the receiver has refused a credit entry, meaning the party receiving the credit has declined or rejected the payment. This may occur for various reasons, such as incorrect account information, insufficient funds, or a dispute over the payment.
When an ACH credit entry is refused, the receiving bank will return the payment to the originating bank, which will notify the originator of the rejection. The originator can then take appropriate action, such as correcting the account information or resolving disputes with the receiver.
It is important to note that ACH codes indicate specific reasons for ACH transaction rejections or returns, and each code corresponds to a different issue. Understanding the ACH codes can help parties involved in ACH transactions identify and resolve any problems that may arise.