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Scheduled change for September 3rd, 2025
Enhanced incoming ACH transaction descriptions to include the company description field alongside existing company name information for better transaction identification. What’s Changing
  • Incoming ACH transaction descriptions now include the ACH “Company Description” field
  • Updated format: INCOMING ACH CREDIT [Company Name] [Company Description] [Sequence Number][ccd]
  • Example: INCOMING ACH CREDIT FINTECHABC PAYOUT [999000000000999][ccd]
Benefits
  • Clearer Transaction Purpose: Company descriptions often contain payout details, invoice references, or transaction purposes
  • Better Reconciliation: Recipients can more easily identify what specific payment or service the ACH represents
  • Enhanced User Experience: More descriptive transaction details in bank consoles and customer statements
  • Improved Support: Reduces customer inquiries about unclear ACH transaction purposes
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