ACH Overview

The ACH API enables your COS account to both originate and receive payments through the Federal Reserve ACH network. This guide will provide a high-level overview of how COS handles inbound and outbound payment types as well as some useful information on the daily operational processes involving ACH payments.

The ACH rail includes four payment types as well as two transaction types, but the effect on your account balance is also influenced by the payment's direction.

For example:
An outbound push payment, or outbound ACH credit, will decrease your COS account balance by pushing funds from your COS account to an account at an external bank. However, if the outbound push payment was returned by the RDFI, your COS account balance will increase.

DirectionPayment TypeTransaction TypeBalance Result
InboundReturnPush (previous payment was an outbound push)Increase
InboundReturnPull (previous payment was an outbound pull)Decrease

See API reference for more details.

Note: Inbound returns generate new payment record which is linked to the original outbound payment by the “originalPaymentId” field. In this case you would not recognize the “paymentId” corresponding to the inbound return, but you should recognize the “originalPaymentId”.

Payment Service Type

There are two service types for ACH payments: standard and sameday. Standard payments generally clear in as little as one business day. Sameday payments generally clear within the same business day. Please note that timing may be impacted several factors such as holidays, the origination cutoff time defined in your agreement, and the FedACH processing schedule.

Processing Windows

Cross River Bank uses FedACH to process all ACH payments. The FedACH processing schedule can be found at this page. Please note that Partner cutoff times will vary from the FedACH processing schedule and will be incorporated into your program agreement.