Upload ACH File

The Upload ACH The ACH is a network of regional associations, inter-bank associations, and private-sector processors. ACH payments are processed and settled electronically, thereby increasing reliability, efficiency and cost effectiveness. ACH payments are generally settled in one day or greater. File function allows you to send a complete ACH file to your financial institution a bank, thrift, or credit union. Note that batches contained within the uploaded file will be stored the same as initiated, except they are added to cash management automatically ‘Approved’.

To display the Upload ACH File screen:

·         Select the ACH option on the Funds Transfer menu and then click Upload ACH File. The Upload ACH File screen appears.

You must have the ACH file available either on a local drive or on a network-accessible drive.

If you know the full pathname of the file, type it in. For convenience, click the Browse… button to open a standard Windows dialog box that allows you to search your local and network drives to locate the file.

Uploaded ACH files are subject to the same limit requirements as ACH batches. Unbalanced file cannot be uploaded unless the financial institution enables this feature. ACH files are validated and analyzed on upload. If the file is valid, the success screen shows batch An ACH batch consists of a template The template contains the essential characteristics of the ACH batch, such as the name of the template, the type (class code) of ACH transmission (CCD The ACH payment format used for concentration of funds between or within companies. A single 94-character record contains the standard entry class indicating the type of transaction, routing and transit numbers of the ODFI and RDFI and the originator and receiver account numbers. CCD is the only corporate ACH format that does not have space for additional addenda information, but it does contain space for a reference number. or PPD Prearranged Payment or Deposit, the ACH payment format by which consumers may authorize credits or debits to their accounts by a company or financial institution. These are normally recurring payments in fixed amounts.), and the offset account. Although AXIS Cash Management only lists CCD & PPD, the application will create the appropriate CCD+/PPD+ ACH Batch if a participant The participant is the individual or organization that will be affected by the ACH transaction (payee or draftee). An ACH transaction may debit or credit a participant's account, e.g., a payroll deposit or a payment for services rendered. The participant information is referenced by the ACH transaction. with an addendum is associated with this batch. (see below) and a collection of transactions having the same purpose and effective date to be performed, and may also include addenda information. totals. If the file is not valid, an error screen shows full line-by-line details of up to fifty errors. (Keep in mind that some errors will "cascade" and cause numerous others to appear. Fixing that first error will often clear up many subsequent errors, so always look at the leading entry first.)