R70

What Is ACH Return Code R70?

ACH return codes are used to identify the reason an ACH payment has been returned by the recipient's bank. They make it easier for originating and receiving financial institutions to spot and communicate payment failures.

ACH Return Code R70, also known as “Permissible Return Not Accepted / Not Requested by ODFI," is a standard code used in Automated Clearing House (ACH) transactions. This code indicates that the ODFI has received a CCD or CTX return entry that the ODFI did not agree to accept, but which the RDFI has identified as being returned with permission of the ODFI.

A Cash Concentration or Disbursement (CCD) entry is a payment format that refers to corporate credits and debits, specifically, and allows for secure transfers that can take place overnight. Corporate Trade Exchange (CTX) refers to a format that allows for a payment record with up to 9,999 addenda records on the transaction.

Essentially, this code indicates a mismatch in records between the ODFI and RDFI regarding this transaction. It is important to note that R70 can only be used to dishonor a R31 return entry. The ODFI must transmit a return for R70 within 5 banking days.

How To Address ACH Return Code R70

Nacha prescribes separate rules for handling each return code since each one represents a unique scenario. ODFIs (Originating Depository Financial Institutions) and RDFIs (Receiving Depository Financial Institutions) are responsible for handling ACH return codes according to these rules.

If you encounter R70, you should reach out to the ODFI and RDFI for clarification about the issue causing this return code and assistance resolving it.

What Is An ACH Return Code?

ACH return codes identify the reason an ACH payment was returned by the recipient's bank. They make it easier for originating and receiving financial institutions to spot and communicate payment failures. Each code begins with 'R' followed by a two digit number. ACH return codes are standardized and maintained by NACHA, the governing body for the ACH network.