- Membership
- Certification
- Events
- Community
- About
- Help
NACHA authorized payer ID
February 21, 2023
Q. Can we request the NACHA authorized payer ID for vendors that directly debit our bank account? The NACHA authorized payer ID is the code that banks use to recognize whether the bank account as authorized to debit from my bank account.
A.
(Answered by Debra Richardson, a third-party Vendor Master File Advisor: https://www.debrarrichardson.com.)
I believe you are probably referring to the ACH Company ID. It does say below that you would have to request it from the bank. I would suggest that…
Become A Member
Join IOFM today as a Professional, Business, or Enterprise Member — or upgrade your Starter Membership — to get access to this content and thousands of other Articles, Webinars, Expert Answers, Resource Downloads, and more!
Naturally, this forum doesn’t allow the kind of full information exchange necessary for the Institute of Finance & Management (IOFM) to provide legal advice and the Expert is not a tax attorney in any event. Please understand that the nature of our responses are limited by these constraints as well as the site’s Terms of Use. If you have further questions or suggestions about how we can improve IOFM, please let us know.
Ask The Expert is a member resource of IOFM and all advice provided is subject to site’s Terms of Use.
What are you waiting for?
