These processing methods all use the NACHA file format, which is a U.S. banking industry standard format for transmitting bank funds electronically.
Obtain the following information from your bank:
Immediate Origin
Name: Usually your bank name
Origin: Usually a space character followed by your bank’s routing number
Immediate Destination
Name: Processor Name
RTN: Processor Routing #
Company
Name: Usually your business name
ID: Usually “1” + Your Federal Tax ID or other # designated by your processor
Entry Description
Should be “Member Fee” or other string less than 10 characters
Originating DFI
First 8 digits of Processor Routing # or other # designated by your processor
Include Balance Transaction at end of file
Usually checked, but your bank will determine whether this is needed