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Quick Reference Guide to Initiating ACH Transfers

Proper Usage of A2A, P2P, C2B, and B2B


Publisher: PAR/WACHA
Year: 2017

The Person-to-Person (P2P) Transfer Rule and the addition of the WEB Credit SEC code have caused a lot of confusion with initiating ACH transfers. The Quick Reference Guide to Initiating ACH Transfers was created to eliminate the confusion and provide your financial institution with the information you need to properly execute ACH transfers. This easy-to-use Quick Reference Guide has the critical details your financial institution needs to understand and initiate: Account-to-Account (A2A), Person-to-Person (P2P), Consumer-to-Business (C2B), and Business-to-Business (B2B) transfers. Sections include:

  • ACH Overview and Participants
    • As it relates to initiating ACH transfers
  • Standard Entry Class (SEC) Code Reference Chart
    • Codes and descriptions used for ACH transfers
  • ACH Transfer Types
    • Descriptions and proper SEC code usage
  • Loan Payments
    • Covers initiating payments to loans held at your financial institution, and initiating payments to loans held outside of your financial institution
  • Real-Life ACH Transfer Scenarios
    • Examples and Flow-Charts showing how to initiate Loan Payments, A2A, P2P, C2B, and B2B transfers
  • Frequently Asked Questions (FAQs)
    • Answers to your most pressing questions; covers everything from  unusual transfer requests to special formatting requirements

  • NEW! Sample Authorization Forms
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