June 7th, 2024

Returning Incoming ACH

Treasury Prime created a way for banks and fintech customers to return an incoming ACH. We have built a new PATCH endpoint that would require a status of returned to be specified as well as a return_code. The rollout of this feature will be applied to both business and consumer accounts in an open status. Returns will be restricted to incoming ACHs with an effective date within the last 1 business day. Any incoming ACH sent outside of that window will not be returned. Both fintech and bank users will have the option to provide a description though if one is not, Treasury Prime will use the default. For fintech users, this will effectively indicate the incoming ACH was not authorized or recognized by the customer.

• For this to be enabled at a Bank, reach out to your Relationship Manager
• For this to be enabled at a Fintech, your corresponding Bank will need to provide approval. Please reach out to your Relationship Manager

Check out our Documentation

• https://docs.treasuryprime.com/docs/ach-returns
• https://docs.treasuryprime.com/reference/patch_incoming-ach-id

Invoice Account Numbers

• Treasury Prime can now allow customers to allocate an account number and assign it to an existing ledger account via our /invoice_account_number endpoint. Treasury Prime will generate an account number using the prefix of the FBO connected to the provided ledger account ID.
• Incoming ACHs and wires received for the invoice account number will be posted to the associated ledger account. These payments will be posted to the ledger account just as if they were a payment to the account number on the ledger account.
• The account number for the ACH/wire will continue to be surfaced on the /incoming_ach and /incoming_wire endpoints which will allow customers to make the connection to the invoice account number.
• How to enable this
  • For this to be enabled at a Bank, reach out to your Relationship Manager
  • For this to be enabled at a Fintech, your corresponding Bank will need to provide approval. Please reach out to your Relationship Manager
• Check out our Documentation
  • https://docs.treasuryprime.com/reference/invoice-account-number
  • https://docs.treasuryprime.com/reference/post_invoice-account-number