The R71 return code can be returned on consumer and non-consumer accounts. An ACH R71 return code indicates that a dishonored return was sent to the wrong financial institution or was otherwise misrouted during ACH processing. This return code is used to return an improperly routed dishonored return rather than the original ACH transaction.
It is not restricted to a particular SEC code or account type. The Receiving Depository Financial Institution (RDFI) or Originating Depository Financial Institution (ODFI), as applicable, must transmit an R71 return within 2 banking days of settlement.
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What is an ACH Return Code?
An ACH return code is a standardized code used to explain why an Automated Clearing House (ACH) transaction was returned by the receiving bank.
Codes are issued by the Receiving Depository Financial Institution (RDFI) and maintained by Nacha, the organization that governs the ACH Network. Certain codes may apply to consumer accounts, non-consumer (business) accounts, or both. These codes help banks, payment processors, and originators understand what went wrong during an ACH transaction so they can determine the appropriate next steps, such as retrying the payment, correcting information, or contacting the customer.
Why you're seeing ACH Return Code R71
Code R71 means a dishonored return was sent to the wrong financial institution. This return indicates that the RDFI sent a return entry to an incorrect ODFI, requiring the return to be rerouted to the proper destination. This may have occurred because:
- The return was misdirected during routing. The receiving bank may have used incorrect routing information when sending the dishonored return, causing it to arrive at the wrong originating bank.
- A processing or system error routed the return incorrectly. Technical issues or data mapping problems can cause the return to be sent to an unintended financial institution.
- The original transaction routing information was incomplete or inaccurate. If the original entry had routing issues, the return may have been sent based on that flawed information.
Sending ACH Payments with Slash
You can send domestic or international ACH payments using Slash by following these steps:
- Navigate to the Payments dashboard and click Transfer Funds in the top-right corner.
- Select a recipient using saved contact and banking information, or add a new recipient by entering their contact and bank details.
- Choose the Slash account you want to use as the payment source, select ACH Transfer as the payment method, choose the destination bank account, and enter the payment amount (in USD).
- Optionally, send the recipient an email confirmation with a payment description. You can also add a memo with internal notes that are visible only to you and other Slash account administrators.
- Review the recipient's bank name, account number, and ACH routing number to ensure the payment details are correct.
- Once all information is confirmed, click Send Payment.
Slash offers 24/7 support by phone and email to help resolve any issues with sending payments. You can also improve how you manage ACH transfers by scheduling recurring ACH payments, receiving low-balance notifications, and tracking returned payments alongside other transactions. With Slash, you can view all account balances, ACH activity, and transfers in one centralized dashboard.
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