RIC Financial Return
To transmit information about the item being returned
Position
Element
Name
Type
Requirement
Min
Max
Repeat
Code identifying the method for the movement of payment instructions
RIC01 indicates the type of return, i.e., ACH, wire, credit card, etc.
Code identifying a specific industry code list
RIC02 indicates the source of the return reason code in RIC03.
Code indicating a code from a specific industry code list
RIC03 contains the return reason code.
Monetary amount
Code indicating whether amount is a credit or debit
Account number assigned
RIC06 contains the account number used for settlement of the return.
Code indicating the type of account
C0706: If RIC-07 is present, then RIC-06 is required
RIC07 is the code indicating the type of bank account or other financial asset.
Code identifying the type of identification number of Depository Financial Institution (DFI)
P0809: If either RIC-08 or RIC-09 is present, then the other is required
Depository Financial Institution (DFI) identification number
RIC09 contains the originator of the return's DFI ID (the DFI that received the original transaction).
Account number assigned
RIC10 contains the account number to where the original transaction had been sent.
Code indicating the type of account
C1110: If RIC-11 is present, then RIC-10 is required
Code identifying the type of identification number of Depository Financial Institution (DFI)
P1213: If either RIC-12 or RIC-13 is present, then the other is required
Depository Financial Institution (DFI) identification number
RIC13 contains the receiver of the return's DFI ID (the DFI that is receiving the return, the entity that originally created the transaction that is being returned).
Account number assigned
RIC14 contains the account number from which the original transaction had been originated that is now being returned to.
Code indicating the type of account
C1514: If RIC-15 is present, then RIC-14 is required
Code identifying the type of identification number of Depository Financial Institution (DFI)
P1617: If either RIC-16 or RIC-17 is present, then the other is required
Depository Financial Institution (DFI) identification number
Date expressed as CCYYMMDD where CC represents the first two digits of the calendar year
RIC18 contains the settlement date of the return.