NACHA requirements for micro-entries

Question

Has anyone addressed the NACHA requirement for Micro-Entries on ACH Networks? This is the use of "ACCTVERIFY" in Record 5 Position 54-63 for pre-noting and Company Name requirement?

Erzsi_I · Answer

Hi A Feeback , 
 Thanks for reaching out. Did you ever find an answer for your question? If you are still looking for guidance, please let us know and we can try to point you in the right direction or suggest some resources or next steps. Did manage to find this article updated Oct 04th 2022 with details for Micro-Entries on ACH. I've pasted the resolution details below. 
 Warm Regards, 
 Erzsi 
 
 Resolution 
 
 After reviewing the new requirements in NACHA, the ask is to ensure that micro entries are following the requirements listed below. When we are sending Pre-Notification in Payroll EFT, we are not sending micro entries to the bank. No Action is required. 
 However, you can always send Pre-Notification according to NACHA requirements by entering &ldquo;ACCTVERIFY&rdquo; to the Entry Description field for Pre-Notification (see screen print). This description needs to be enter on the EFT screen each time Prenotification EFT file is generated in Payroll.

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NACHA requirements for micro-entries

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