Originating a Return
Return Origination is helpful when you are the Receiving Depository Financial Institution (RDFI) in a transaction. This most often happens in cases when you want to originate a return for an incoming payment, represented as an Incoming Payment Detail (IPD). For example:
- The transaction originator sent an erroneous payment
- An internal account is unexpectedly debited or credited
- An internal account received an incoming payment for a Virtual Account that is closed
- You are unable to identify the originator of an incoming payment.
See ACH return codes for more cases in which your bank may originate a return.
Updated 4 months ago