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ADV
An SEC code is a three letter code that describes how a payment was authorized by the consumer or business receiving an ACH transaction. SEC stands for 'Standard Entry Class'. SEC codes are defined and maintained by NACHA, the governing body for the ACH network.
What is Standard Entry Class (SEC) code ADV?
SEC code ADV stands for Automated Accounting Advice. This SEC code is used in the context of Automated Clearing House (ACH) transactions, which are electronic payments or collections made through the ACH network.
ADV is used to represent automated advice related to ACH accounting information. This code primarily facilitates internal accounting and reconciliation processes by providing detailed information about entries processed through the ACH network.
What is the Transaction Type for SEC code ADV?
The transaction type for ADV is non-monetary.
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