ACH parameters

Arix uses ACH to push money into the account of a borrower, vendor, or creditor. CRB must approve every ACH payment that is sent.

There are two types of ACH rails:

COSACH
- Via NACHA
- Funded next day
COSACHSD
- Via NACHA
- Same day funding

{
    "LoanId": "bbedd717-8589-4411-b6da-ac6e0097bf51",
    "Rails": [
        {
            "ACHFields": {
                "StandardEntryClassCode": "PPD",
                "TransactionType": "push",
                "ToRoutingNumber": "021214891",
                "ToAccountType": "Checking",
                "ToAccountName": "Anita Lon",
                "ToAccountNumber": "9999999999",
                "Description": "Loan"
            },
            "Id": "23b5fedb-bc20-41a0-a4ae-ac9300b4530e",
            "RailType": "COSACH",
            "Priority": 1,
            "Amount": 100
        }
    ]
}

Request parameters

Attributes	Description
ToRoutingNumber string	Receiving bank's routing number. The value entered for this field is validated up front and it must be 9 digits long. Required
ToAccountName string	Name on the customer account. Limited to 22 characters. Required
ToAccountNumber string	Account number. Limited to 17 digits. Required
Description string	Mapped to identification field in the NACHA file. Limited to 15 characters. Required
StandardEntryClassCode string	The type of account: - PPD - consumer accounts - CCD - corporate accounts Required
TransactionType string	Push. Required
ToAccountType string	Checking account or savings account. Required