Advanced
This page covers advanced ACH origination features that may not be needed for most use cases.
Custom Standard Entry Class (SEC) Codes
A Standard Entry Class (SEC) code is a mandatory three-letter code used in all ACH payments (originated and received) to identify certain types of ACH payments.
The SEC Code generally indicates:
- The nature of the transaction as consumer or corporate in nature. It indicates whether the funds transfer affects a consumer account or a corporate account at the RDFI (receiving depository financial institutions).
- Whether the transaction is single-entry or recurring.
- The specific computer record format that will be used to carry the payment and payment-related information relevant to the application.
The use of Custom Standard Entry Class (SEC) Code is currently limited to specific codes as described below:
| Direction | Customer Type | Supported SEC codes (ACH Origination) |
|---|---|---|
| Credit | Individual Business | WEB (*default), PPD CCD (default), PPD |
| Debit | Individual Business | Not Supported WEB (default), CCD |
The custom SEC code functionality is disabled by default. If you would like to enable it, please contact Unit.
*Individuals who are Sole Proprietors will have their default SEC code set to CCD.
Dynamic Clearing Period (ACH Debit)
Dynamic Clearing Period enables you to set the amount of days it will take an Originated ACH debit to clear and funds to become available in a deposit account. When this feature is enabled, the value that is passed as clearingDaysOverride, will replace the default amount of clearing days as it is defined in the deposit product.
In order to enable the Dynamic Clearing Period feature, new definitions of maximum clearing days and minimum clearing days will need to be added to the deposit product so the clearingDaysOverride attribute will support values between the minimum clearing days and the maximum clearing days.
If a clearing days override is not specified when the ACH debit is created, the clearing period will be set to the default clearing period set in the deposit product.
The clearing period can be changed after the ACH debit resource has been created, as long as it is still in Pending or PendingReview status.
The dynamic clearing period functionality is disabled by default. If you would like to enable it, please contact Unit.