Adding remittance/payment information

Original publication date: November 25, 2020

 

Question:

 

I want to send additional remittance/payment information for IATs. I don't see the field, ultimateReceiver. What do I use?

Answer:

The UltimateReciever object was replaced with two string fields, RemittanceInfo1 and RemittanceInfo2, and two additional correspondent banks objects were added.

The two new fields must be Nacha compliant and are up to 80 chars long.