ACH NOC Code
ACH NOC (Notice of Change) codes are used to indicate changes or corrections to the account holder's information in an ACH transaction. These changes can include updates to the account number, account holder's name, or other account-related details. NOC codes are used when an ACH transaction cannot be processed as originally intended due to incorrect or outdated information.
Here is a list of common ACH NOC codes along with explanations:
- C01 - Incorrect DFI Account Number: The account number provided in the ACH transaction is incorrect.
- C02 - Incorrect Routing Number: The routing number provided in the ACH transaction is incorrect.
- C03 - Incorrect Routing Number/Account Number: Both the routing number and account number provided in the ACH transaction are incorrect.
- C04 - Incorrect Individual Name/Company Name: The name of the account holder provided in the ACH transaction is incorrect.
- C05 - Incorrect Transaction Code: The transaction code in the ACH entry is incorrect.
- C06 - Incorrect Company Identification: The company identification number used in the ACH transaction is incorrect.
- C07 - Incorrect Entry Description: The description of the ACH entry is incorrect.
- C08 - Incorrect DFI Account Number & Incorrect Routing Number: Both the account number and routing number provided in the ACH transaction are incorrect.
- C09 - Incorrect Individual Name/Company Name & Incorrect DFI Account Number: Both the account holder's name and account number provided in the ACH transaction are incorrect.
- C10 - Incorrect Individual Name/Company Name & Incorrect Routing Number: Both the account holder's name and routing number provided in the ACH transaction are incorrect.
To use ACH NOC codes, follow these steps:
- Notification: When a financial institution identifies incorrect or outdated account information in an ACH transaction, they send a NOC notification to the originating financial institution.
- NO Entry: The originating financial institution receives the NOC notification and processes it to update their records.
- NOC Codes: The NOC notification includes the specific NOC code that indicates the type of change needed.
- Correction: The originating financial institution corrects the ACH entry based on the NOC code received. This may involve updating the account number, routing number, name, or other relevant details.
- Communication: If necessary, the originating financial institution communicates with the account holder or the receiving financial institution to confirm the changes.
- Resubmission: After making the necessary corrections, the originating financial institution can resubmit the corrected ACH entry for processing.
- Prevention: To prevent future NOCs, ensure accurate and up-to-date account information before initiating ACH transactions. Regularly verify account details with account holders.
It's important to follow the specific instructions provided by the originating financial institution when handling NOC notifications and making corrections to ACH entries. ACH NOC codes are a vital tool for maintaining accurate ACH transactions and ensuring successful payment processing
Updated about 1 year ago