ACH code R94 indicates that the ACH transaction has been rejected because the routing number provided is incorrect or invalid. The routing number is a nine-digit code that identifies the financial institution responsible for processing the transaction.
When the receiving bank or financial institution identifies the routing number as invalid or incorrect, they reject the transaction and send an ACH return code R94 to the originating bank. This means the funds will not be transferred, and the transaction will not be completed.
If you receive an ACH code, R94, you should check the routing number provided and verify it is correct. You can contact the recipient or the receiving bank to confirm the routing number. It is also essential to ensure you’re using the most up-to-date routing number for the receiving bank. Once you have verified the correct routing number, you can initiate the transaction again.