ACH Return Code R02: Account Closed and Its Effect on Reconciliation
by Cheqly team
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ACH Return Code R02
Businesses transacting through the ACH network are expected to maintain low return rates as part of good practice and to comply with regulatory requirements. According to NACHA rules, debit returns arising from administrative reasons like R02 (Account Closed), R03 (No Account), and R04 (Invalid Account) must be less than 3%. Exceeding this limit can result … Continued