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ACH code R55 refers to a notification of an incorrect routing number used for an Automated Clearing House (ACH) transaction.Routing numbers are nine-digit numbers identifying banks and financial institutions in the United States. ACH transactions use routing numbers to identify the bank holding the debited or credited account.If an incorrect routing number is used for…

ACH (Automated Clearing House) code R56 indicates that a bank transfer or payment has been returned due to incorrect bank account information. This error occurs when the bank account number or routing number provided for the recipient needs to be validated, accurate, or exist.When a payment is attempted with incorrect account information, the bank will…

ACH (Automated Clearing House) code R63 indicates that a transaction was rejected due to an invalid individual ID number. This code is typically used when an individual’s bank account has been debited or credited incorrectly due to an error in the identification number.The personal ID number is a unique identifier assigned to each person with…

ACH code R59 is a return code used by banks in the United States to indicate that the payment was returned due to an incorrect bank name. This means that the bank receiving the payment could not process the payment because the name of the bank provided by the sender does not match the actual…

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…