ACH Return Code R24

ACH return code R24 means your transaction was returned because of a possible duplicate entry. In ACH payments, these codes help financial institutions talk to each other and solve issues fast.

NACHA sets these codes. They let you know why payments fail. For R24, it means two entries with the same details were sent at the same time.

What Is an ACH Return Code

An ACH return code is a three-character code that explains why a payment is sent back. It's key in ACH processing, helping you talk to the bank that sent the payment. 

These codes start with 'R' and have two digits after it. NACHA has defined over 80 of them. They help report payment failures like not enough money or a closed account.

When you get an ACH return, the code tells you why. This helps you solve the issue quickly. Understanding these codes makes managing your money easier and keeps things running smoothly.

What Is ACH Return Code R24

ACH return code R24, also known as "Duplicate Entry," means a transaction you sent has been marked as a repeat. It happens when a new transaction is the same as one already sent. This code makes sure all details, like amounts and dates, match the previous one.

This code needs to be handled by the Receiving Depository Financial Institution (RDFI) within two banking days. Duplicate entries can come from mistakes, system errors, or technical problems. Handle these duplicates well to keep your finances in order. Ignoring them can mess up your cash flow and harm your relationships with customers.

How to Fix ACH Return Code R24

When you face ACH Return Code R24, check if the transaction is a duplicate. If it's confirmed as a duplicate, you might not need to do anything. The original transaction has likely been processed already. But, if it's not a duplicate, you need to talk to your customer and their bank to solve the issue.

You can also undo a duplicate transaction for up to five business days after the original entry settles. If the first transaction has been reversed, you don't need to send another return. Instead, reach out to your bank for advice on what to do next. This helps you handle any payment disputes well.