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An ACH company ID is a 10-digit unique identifier used for identifying entities, called originators, collecting payments via ACH debit. Similar to a mailing address, an ACH company ID helps ensure an ACH debit is delivered to the correct account holder.
13 sie 2022 · When you're asked for an ACH company ID, this is a 10-digit unique identifier for collecting payments via ACH debit. This helps ensure an ACH debit is delivered to the correct account holder. All communications with NACHA will use this information.
An ACH company ID is a 10-digit identifier used by banks and Nacha, the operator of the ACH network, to identify the entity collecting payments or sending money via ACH (also referred to as an “originator”).
8 sie 2024 · An ACH routing number is a nine-digit code that identifies a financial institution during an electronic financial transaction. It ensures that money transferred using the ACH (Automated Clearing House) network is taken from and sent to the right place.
The nine-digit routing number of the institution receiving the ACH file for processing, preceded by a blank. Typically, this is your bank’s routing and transit number. 4
What is the ACH company ID number? This is the 10-digit identification number belonging to a financial institution that originates (i.e. initiates) an ACH payment. For this reason, the ACH company ID is also known as the originating ID, ACH ID, or the Originator’s ID.
Essentially, an ACH company ID is a unique 10-digit number assigned to entities (known as originators) that initiate ACH debit transactions. This ID is vital for ensuring that payments are accurately processed and routed to the correct account, without errors that could lead to payment rejections.
