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Payment Reasons: ACH Transactions

You must provide one of the following payment reasons when creating an ACH transaction.

Note You can use the Payment Reasons API to retrieve the following list of payment reason IDs and short descriptions.

ID	Short Description	Detailed Description
bill-payment	Bill payment	Payment for services rendered or goods purchased (e.g. vehicle repairs).
deposit	Deposit	Movement of funds into a RocketKOR Financial Account where the push is originated from outside RocketKOR (e.g. an individual or financial institution deposits funds into a Financial Account).
payment-of-wages	Payment of wages	Disbursement of compensation (e.g., salary, earned remuneration) from a business to its employees, contractors, or agents.

Bill payment