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2 results related to "Account Validation"
ACH Operations Bulletin #1-2025-Same-Day Processing of ACH Returns by RDFIs
… for administrative reasons: Return Reason Codes R02 (Account Closed), R03 (No Account/Unable to Locate Account), and R04 (Invalid Account Number Structure). …
Nacha Seeks Comments on Proposals to Update IAT Rules
… the current Return Reason Code R16 apply solely to a frozen account. A new R90 code would be used when a payment is …