RIC Financial Return

To transmit information about the item being returned

Position: RIC-01 · Element: 591 · Name: Payment Method Code · Type: Identifier (ID) · Requirement: Mandatory · Min: 3 · Max: 3 · Repeat: 1

Code identifying the method for the movement of payment instructions

RIC01 indicates the type of return, i.e., ACH, wire, credit card, etc.

Position: RIC-02 · Element: 1270 · Name: Code List Qualifier Code · Type: Identifier (ID) · Requirement: Mandatory · Min: 1 · Max: 3 · Repeat: 1

Code identifying a specific industry code list

RIC02 indicates the source of the return reason code in RIC03.

Position: RIC-03 · Element: 1271 · Name: Industry Code · Type: String (AN) · Requirement: Mandatory · Min: 1 · Max: 30 · Repeat: 1

Code indicating a code from a specific industry code list

RIC03 contains the return reason code.

Position: RIC-04 · Element: 782 · Name: Monetary Amount · Type: Decimal number (R) · Requirement: Mandatory · Min: 1 · Max: 18 · Repeat: 1

Monetary amount

Position: RIC-05 · Element: 478 · Name: Credit/Debit Flag Code · Type: Identifier (ID) · Requirement: Mandatory · Min: 1 · Max: 1 · Repeat: 1

Code indicating whether amount is a credit or debit

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

Account number assigned

RIC06 contains the account number used for settlement of the return.

Position: RIC-07 · Element: 569 · Name: Account Number Qualifier · Type: Identifier (ID) · Requirement: Optional · Min: 1 · Max: 3 · Repeat: 1

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.

Position: RIC-08 · Element: 506 · Name: (DFI) ID Number Qualifier · Type: Identifier (ID) · Requirement: Conditional · Min: 2 · Max: 2 · Repeat: 1

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

Position: RIC-09 · Element: 507 · Name: (DFI) Identification Number · Type: String (AN) · Requirement: Conditional · Min: 3 · Max: 12 · Repeat: 1

Depository Financial Institution (DFI) identification number

RIC09 contains the originator of the return's DFI ID (the DFI that received the original transaction).

Position: RIC-10 · Element: 508 · Name: Account Number · Type: String (AN) · Requirement: Conditional · Min: 1 · Max: 35 · Repeat: 1

Account number assigned

RIC10 contains the account number to where the original transaction had been sent.

Position: RIC-11 · Element: 569 · Name: Account Number Qualifier · Type: Identifier (ID) · Requirement: Optional · Min: 1 · Max: 3 · Repeat: 1

Code indicating the type of account

C1110: If RIC-11 is present, then RIC-10 is required

Position: RIC-12 · Element: 506 · Name: (DFI) ID Number Qualifier · Type: Identifier (ID) · Requirement: Conditional · Min: 2 · Max: 2 · Repeat: 1

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

Position: RIC-13 · Element: 507 · Name: (DFI) Identification Number · Type: String (AN) · Requirement: Conditional · Min: 3 · Max: 12 · Repeat: 1

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).

Position: RIC-14 · Element: 508 · Name: Account Number · Type: String (AN) · Requirement: Conditional · Min: 1 · Max: 35 · Repeat: 1

Account number assigned

RIC14 contains the account number from which the original transaction had been originated that is now being returned to.

Position: RIC-15 · Element: 569 · Name: Account Number Qualifier · Type: Identifier (ID) · Requirement: Optional · Min: 1 · Max: 3 · Repeat: 1

Code indicating the type of account

C1514: If RIC-15 is present, then RIC-14 is required

Position: RIC-16 · Element: 506 · Name: (DFI) ID Number Qualifier · Type: Identifier (ID) · Requirement: Conditional · Min: 2 · Max: 2 · Repeat: 1

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

Position: RIC-17 · Element: 507 · Name: (DFI) Identification Number · Type: String (AN) · Requirement: Conditional · Min: 3 · Max: 12 · Repeat: 1

Depository Financial Institution (DFI) identification number

Position: RIC-18 · Element: 373 · Name: Date · Type: Date (DT) · Requirement: Optional · Min: 8 · Max: 8 · Repeat: 1

Date expressed as CCYYMMDD where CC represents the first two digits of the calendar year

RIC18 contains the settlement date of the return.