Personal Small Business Corporate & Institutional About Us
Consumers that received an electronic Return Entry fee posted to their account often times could not link the return fee to an authorized transaction at a merchant. The NACHA rule change clarifies that the Individual Name field in the PPD Return Entry Fee transaction is used to link the fee to the original authorized ARC, BOC, or POP transaction that was returned unpaid. The Individual ID field could contain the Receiver’s name, reference number, identification number or code of the merchant to identify the customer. This change should have no impact on ACH participants as it recognizes current best practice regarding the formatting of fees for check conversion entries.
Bank deposit, treasury management and lending products and services, and investment and wealth management, and fiduciary services are provided by PNC Bank, National Association, a wholly-owned subsidiary of PNC and Member FDIC. Lending and leasing products and services, including card services and merchant services, as well as certain other banking products and services, may require credit approval.
Read a summary of privacy rights for California residents which outlines the types of information we collect, and how and why we use that information.
We have tools to help you bank when and where you want.Mobile Apps Directory »
Be part of our inclusive culture that strives for excellence and rewards talent.Visit PNC Careers »
The PNC Financial Services Group, Inc. All rights reserved.