ACH File
What is an ACH File?
An ACH file is a standardized electronic document used for processing Automated Clearing House (ACH) transactions in the United States. This file format contains detailed information about various electronic funds transfers, including direct deposits, bill payments, and other types of electronic money transfers. ACH files are essential for facilitating seamless and efficient transactions between banks and financial institutions, ensuring that funds are transferred accurately and securely.
Structure of an ACH File
- File Header Record
The ACH file begins with a file header record, which contains crucial information about the file itself. This includes the file creation date, the originating company’s identification, and the file type. The header record serves as an introduction to the data contained in the file, enabling receiving institutions to process the file appropriately. - Batch Header Record
Following the file header, the ACH file contains one or more batch header records. Each batch represents a group of transactions that share common characteristics, such as transaction type or processing date. The batch header includes information about the batch’s purpose, the originating company’s details, and the total number of entries within that batch. - Entry Detail Records
The entry detail records form the core of the ACH file, containing specific transaction details for each entry. Each record includes information such as the account holder’s name, account number, routing number, transaction amount, and transaction type (credit or debit). These records are essential for processing individual transactions accurately. - Batch Control Record
After the entry detail records, the ACH file includes a batch control record that summarizes the transactions within the batch. This record provides totals for the number of transactions and the total dollar amount, helping to ensure that the data is complete and accurate before submission. - File Control Record
Finally, the ACH file concludes with a file control record, which summarizes the entire file. This record includes totals for all batches, ensuring that the information matches what is contained in the batch control records. It serves as a final check to validate the integrity of the file.
Optimize Your Payment Processing: Reach Out to Prismpay for ACH Solutions
ACH files are critical for the efficient processing of electronic transactions in the ACH network. Their structured format ensures that transactions are accurately recorded and transferred, facilitating a smooth payment experience for both businesses and consumers.
For more information on ACH files and how they can optimize your payment processing, contact Prismpay today. Our team of experts is ready to assist you in understanding and implementing effective ACH solutions tailored to your needs.