The ACH network provides Notifications of Change (NOCs)
After receiving a NOC, PayPal corrects subsequent payments for the affected bank account using the updated information. This means that even if you submit a new payment using the old information, PayPal submits the payment using the updated information.
You can use the Notifications of Change report to help you in updating your organization's records.
Code |
Reason |
Description |
---|---|---|
C01 |
Incorrect bank account number |
Bank account number incorrect or formatted incorrectly |
C02 |
Incorrect transit/routing number |
Once valid transit/routing number must be changed |
C03 |
Incorrect transit/routing number and bank account number |
Once valid transit/routing number must be changed and causes a change to bank account number structure |
C04 |
Bank account name change |
Customer has changed name or ODFI submitted name incorrectly |
C05 |
Incorrect payment code |
Entry posted to demand account should contain savings payment codes or vice versa |
C06 |
Incorrect bank account number and transit code |
Bank account number must be changed and payment code should indicate posting to another account type (demand/savings) |
C07 |
Incorrect transit/routing number, bank account number and payment code |
Changes required in three fields indicated |
C09 |
Incorrect individual ID number |
Individual's ID number is incorrect |
C10 |
Incorrect company name |
Company name is no longer valid and should be changed. |
C11 |
Incorrect company identification |
Company ID is no longer valid and should be changed |
C12 |
Incorrect company name and company ID |
Both the company name and company id are no longer valid and must be changed |