BPS Beginning Segment for Payment Order/Remittance Advice

To (1) indicate the beginning of a payment order/remittance advice transaction set and total payment amount and (2) to enable related transfer of funds and/or information from payor to payee to occur while utilizing an automated clearing house (ACH) or other banking network.

Position: BPS-01 · Element: 591 · Name: Payment Method Code · Type: Identifier (ID) · Requirement: Mandatory · Min: 3 · Max: 3 · Repeat: -

Code used to designate the actual funds transfer method.

Position: BPS-02 · Element: 782 · Name: Amount · Type: Decimal number (R) · Requirement: Mandatory · Min: 1 · Max: 15 · Repeat: -

Monetary amount.

BPS02 is the total currency amount of all items being paid in this transaction.

Position: BPS-03 · Element: 305 · Name: Transaction Handling Code · Type: Identifier (ID) · Requirement: Mandatory · Min: 1 · Max: 1 · Repeat: -

Code designating the action to be taken by all parties.

Position: BPS-04 · Element: 506 · Name: (DFI) ID Number Qualifier · Type: Identifier (ID) · Requirement: Conditional · Min: 2 · Max: 2 · Repeat: -

Code identifying the type of identification number of Depository Financial Institution (DFI).

When using this transaction set to initiate a payment, BPS04, BPS05, BPS07, BPS09, BPS10, BPS11, and BPS12 may be required, depending upon the conventions issued by the specific banking channel being used. BPS04 and BPS05 relate to the originating depository financial institute (DFI).

Position: BPS-05 · Element: 507 · Name: (DFI) Identification Number · Type: String (AN) · Requirement: Conditional · Min: 3 · Max: 12 · Repeat: -

Depository Financial Institution (DFI) identification number.

Position: BPS-06 · Element: 508 · Name: Account Number · Type: String (AN) · Requirement: Optional · Min: 1 · Max: 35 · Repeat: -

Account number assigned.

BPS06 is the account number of the sending company to be debited or credited with payment.

Position: BPS-07 · Element: 509 · Name: Originating Company ID Number · Type: String (AN) · Requirement: Conditional · Min: 10 · Max: 10 · Repeat: -

A unique number identifying the company initiating the funds transfer instructions. The first character is a one-digit ANSI identification code designation (ICD) followed by the nine-digit identification number which may be an IRS employer identification number (EIN), data universal numbering system (DUNS), or a user assigned number. The ICD for an EIN is 1, DUNS is 3, user assigned number is 9.

Position: BPS-08 · Element: 510 · Name: Originating Company Supplemental Code · Type: String (AN) · Requirement: Optional · Min: 9 · Max: 9 · Repeat: -

A code defined between the originating company and the originating depository financial institution (ODFI) that uniquely identifies the company initiating the transfer instructions.

Position: BPS-09 · Element: 506 · Name: (DFI) ID Number Qualifier · Type: Identifier (ID) · Requirement: Conditional · Min: 2 · Max: 2 · Repeat: -

Code identifying the type of identification number of Depository Financial Institution (DFI).

BPS09 and BPS10 relate to the receiving DFI.

Position: BPS-10 · Element: 507 · Name: (DFI) Identification Number · Type: String (AN) · Requirement: Conditional · Min: 3 · Max: 12 · Repeat: -

Depository Financial Institution (DFI) identification number.

Position: BPS-11 · Element: 508 · Name: Account Number · Type: String (AN) · Requirement: Conditional · Min: 1 · Max: 35 · Repeat: -

Account number assigned.

BPS11 is the account number of the receiving company to be debited or credited with the payment.

Position: BPS-12 · Element: 513 · Name: Effective Entry Date · Type: Date (DT) · Requirement: Conditional · Min: 6 · Max: 6 · Repeat: -

Date the originating company intends for the transaction to be settled.

Position: BPS-13 · Element: 727 · Name: Settlement Date · Type: Date (DT) · Requirement: Conditional · Min: 6 · Max: 6 · Repeat: -

The date the transaction is actually settled. This field is to be used only by the RDFI. It must be left blank by the originating company.

BPS13 is conditional on the ability of the receiving depository financial institution (RDFI) to furnish the actual settlement date, and shall be left blank (omitted) by the originating company.