In the Vault: Expected Incoming ACH

If a department is anticipating an incoming ACH payment, there’s one simple step that makes the entire process smoother: notify Treasury before the funds arrive.

Why does this matter? ACH payments often come in with limited identifying information. Without advance notice, it can be difficult and sometimes impossible to match the payment to the correct department. This can lead to delays, funds being returned to the sender, or deposits being coded to a central account instead of where they belong.  A quick email to UND Treasury can prevent this from happening!

Before the ACH arrives, email UND.treasury@UND.edu with the following details in the body of the email:

• Anticipated amount of the ACH payment
• Name of the sender
• Chartfields (dept/fund/account) where the deposit should be posted

Providing this information upfront ensures Treasury can quickly identify and route the payment correctly.  Additional information about ACH transactions is available through UND resources.  If you have questions, reach out anytime at UND.treasury@UND.edu.