*Individuals who are Sole Proprietors will have their default SEC code set to CCD. If you would like to enable it, please contact Unit. The custom SEC code functionality is disabled by default. The use of Custom Standard Entry Class (SEC) Code is currently limited to specific codes as described below: Direction

The specific computer record format that will be used to carry the payment and payment-related information relevant to the application.

Whether the transaction is single-entry or recurring.

It indicates whether the funds transfer affects a consumer account or a corporate account at the RDFI (receiving depository financial institutions).

The nature of the transaction as consumer or corporate in nature.

Use a Custom Standard Entry Class (SEC) Code Ī Standard Entry Class (SEC) code is a mandatory three-letter code used in all ACH payments (originated and received) in order identify certain types of ACH payments. If you would like to use same day ACH, please contact Unit. The same day ACH functionality is disabled by default and is only available for specific use cases. You can read more about same-day ACH in the relevant section of the Unit ACH guide. Same-day ACH enables your clients to send and receive funds using ACH the same day the payment is created. The payment was processed but the network or the receiving bank returned the payment (see return reasons for more details) This is the final state for successful payments. The payment was processed by the ACH network. (Debit only) The payment was sent but the deposit account was not credited yet. The payment was rejected due to insufficient funds or exceeding daily ACH limits (see rejection reasons for more details) Payments with Pending status may be canceled by the originator. The payment was created on the Unit ledger but was not yet delivered to the ACH network. The possible status values are listed below and you should be prepared to receive all statuses: Status You may track a payment's progress using the status attribute or listening to relevant webhooks, such as nt or payment.returned. See note above for examples of when the status won't be Pending initially. When you originate an ACH payment, it will mostly be created with a Pending status. status flows, limits, clearing times etc.), except for when both counterparties are customers of your organisation, in which case the payment will also be logged as a book payment.

These will be logged and appear as ACH on the account but function as book payments (e.g. Some ACH payments will automatically be converted into Book Payments upon creation. See the Limits section for more information. You may contact Unit to change the limits for an account or a group of accounts. Once you exceed the account's total daily limit, payments will be created under the Rejected status code, and the relevant API responses will contain the exact reason. Debit ACHs can only be manually approved if a balance check for the counterparty is successful. Once the Soft limit is exceeded, payments will automatically be submitted for manual review.

Originating an ACH payment supports Idempotency, to ensure that multiple identical requests will have the same effect as a single request.ĪCH payment originations (both Debit and Credit) are subject to soft and hard daily amount limits determined by the account's deposit product. The amount is debited from the originating deposit account immediately. Credit - the payment 'pushes' funds to the counterparty account.It may take several banking (business) days for the credit to be settled, depending on the settings for your organization. The amount is credited to the originating deposit account on Unit. Debit - the payment 'pulls' funds from the counterparty account.In the context of ACH payment origination, the directions work as follows: A counterparty is a combination of routing number, account number, account type, and name.Įach ACH payment has a direction - either Debit or Credit. The entity on the other side of the payment is called a Counterparty. In Unit, an ACH payment originates from a Deposit Account. For more information on originating ACH payments, please refer to Unit's ACH Guide

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