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  3. July 2006

ACH and Further Credit

I need to find out where to put "further credit" information in ACH 
formats.    We've been creating ACH files to pay employees and vendors for 
years but I don't have any documentation about where to put a "further 
credit" account number.     Does it go in the "6" record or the "7" 
addendum record?    Asking the question at Schwab or our bank involves way 
too many layers of people.


Here are the instructions from Schwab.


ACH INSTRUCTIONS:       BANK OF AMERICA
                                SAN FRANCISCO CA
                                ABA 123456789
                                FBO THE CHARLES SCHWAB TRUST COMPANY
                                ACCT 12345678 
                                FURTHER CREDIT CSTC AC-123456 
 
 
The FURTHER CREDIT line of the wiring/ach instructions must be in one of 
the four formats:
FURTHER CREDIT CSTC AC-123456
FURTHER CREDIT CSTC ACCT#123456
FURTHER CREDIT CSTC # 123456
FURTHER CREDIT CSTC #12346

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