53807

How does the Identification Code Designator (ICD) work with the Company ID number in an ACH file?

Resolution:  

The Identification Code Designator (ICD) is used by default as the first digit of the Company ID field.

In the Direct Deposit file in the fifth row at positions 41-50, the ICD number is placed in position 41, which is the first number of the Company ID.  The ICD number should be either a 1, 3 or 9 to be determined by the user’s bank.  The remaining 8 positions are the last 8 digits of the Company ID, which is also specified by the bank.

Example:  Bank assigns the company id as 911111111.  In the Bank setup on the NACHA File Format tab, the ICD number will be 9 - User Assigned Number and the Company ID will be entered as 8 digits - 11111111. This setup will display in the ACH file as  911111111.

Knowledge Base Reference Number: KBA #53807