Breadcrumb

What is an ACH company ID

Written by

Reviewed by

As Director of Global Payment Partnerships at GoCardless, Paul and his team manage global relationships with the organisations that make payments work. His expertise was instrumental in building GoCardless' ACH payment product, enabling the company to enter the North American market successfully. Paul sits on the UK Finance Working Group on Open Banking and holds the Chartered Banker, MCIBS qualification. The Chartered Banker Diploma is the highest level qualification awarded by the Chartered Banker Institute, recognised and supported by major financial services organisations across the globe. ConnectSee full bio

Last editedOct 20221 min read

What is an ACH company ID and what is it for?

An ACH company ID is a 10-digit unique identifier used for identifying entities, called originators, collecting payments via ACH debit.

Similar to a mailing address, an ACH company ID helps ensure an ACH debit is delivered to the correct account holder. All communications with Nacha will use this ID.

Businesses wishing to access ACH directly must request a company ID from the bank. Those opting for indirect access can instead make use of their TPPP’s company ID.

Company IDs and GoCardless

GoCardless uses a single company ID to collect ACH debits on behalf of all of its merchants. This is called collection through aggregation. For merchants who sign up to the Plus or Pro products, GoCardless is still able to show the merchant’s name on the customer’s bank statement.

You can learn more about using GoCardless for ACH debit payments in Chapter 4.

Automate your payment collection with ACH Debit via GoCardless to reduce transaction fees, eliminate failed payments and save time on financial admin.

PreviousHow to set up ACH payments

NextACH fees - how much does ACH cost?

What is an ACH company ID

Company IDs and GoCardless

Automate your payment collection with ACH Debit via GoCardless to reduce transaction fees, eliminate failed payments and save time on financial admin.

Interested in automating the way you get paid? GoCardless can help