BPS Beginning Segment (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: 590 · Name: Payment Amount · Type: Decimal number (R) · Requirement: Mandatory · Min: 1 · Max: 15 · Repeat: -

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 depository financial institution (DFI) identification number.

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

Originating Depository Financial Institution (ODFI) identification number.

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

Account number of the sending company to be debited or credited with the 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 depository financial institution (DFI) identification number.

Position: BPS-10 · Element: 511 · Name: (RDFI) Receiving ID Number · Type: String (AN) · Requirement: Conditional · Min: 3 · Max: 12 · Repeat: -

The Receiving Depository Financial Institution (RDFI) identification number.

Position: BPS-11 · Element: 512 · Name: Receiving Account Number · Type: String (AN) · Requirement: Conditional · Min: 1 · Max: 35 · Repeat: -

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.