591 Payment Method Code

Code identifying the method for the movement of payment instructions

Codes

<> ACH

Automated Clearing House (ACH)

<> BKW

Book Entry

<> BOP

Financial Institution Option

<> CAS

Cash

<> CCC

Credit Card

<> CCF

Collect Payment by Certified Funds

<> CCH

Cashier's Check

<> CDA

Credit/Debit Account

<> CHK

Check

<> CLH

Clearinghouse

<> CPC

Collect Payment by Company Check

<> CWT

Clearing House Interbank Payment System (CHIPS) Funds/Wire Transfer

<> DCC

ACH Demand Cash Concentration/Disbursement (CCD) Credit

<> DCD

ACH Demand Cash Concentration/Disbursement (CCD) Debit

<> DDP

Direct Deposit

<> DEB

Debit Card

<> DLC

Pre-Arranged Payment or Deposit Plus Addendum (PPD+) Credit to a Demand Deposit Account

<> DLD

Pre-Arranged Payment or Deposit Plus Addendum (PPD+) Debit to a Demand Deposit Account

<> DXC

ACH Demand Corporate Trade Exchange (CTX) Credit

<> DXD

ACH Demand Corporate Trade Exchange (CTX) Debit

<> DYC

Pre-Arranged Payment or Deposit (PPD) Credit to a Demand Deposit Account

<> DYD

Pre-Arranged Payment or Deposit (PPD) Debit to a Demand Deposit Account

<> DZC

ACH Demand Cash Concentration/Disbursement Plus (CCD+) Credit

<> DZD

ACH Demand Cash Concentration/Disbursement Plus (CCD+) Debit

<> EBX

EDIBANX Clearing Network

<> EXC

1035 Exchange

<> FEW

Federal Reserve Funds/Wire Transfer - Repetitive

<> FWT

Federal Reserve Funds/Wire Transfer - Nonrepetitive

<> FXP

Foreign Exchange Payments

<> IWT

International Electronic Funds Transfer

<> NON

Non-Payment Data

<> PAC

Preauthorized Check (Draft)

<> PBD

Draft

<> PDC

ACH Savings Cash Concentration/Disbursement (PPD) Credit

<> PDD

ACH Savings Cash Concentration/Disbursement (PDD) Debit

<> PDE

Payroll Deduction

<> PRO

Proprietary Network

<> QDR

Qualified Direct Rollover

<> QIR

Qualified Indirect Rollover

<> REV

ACH Reversal

<> SCC

ACH Savings Cash Concentration/Disbursement (CCD) Credit

<> SCD

ACH Savings Cash Concentration/Disbursement (CCD) Debit

<> SDC

ACH Savings Cash Concentration/Disbursement (PPD+) Credit

<> SDD

ACH Savings Cash Concentration/Disbursement (PPD+) Debit

<> SWT

Society for Worldwide Interbank Financial Telecommunications (S.W.I.F.T.)

<> SXC

ACH Savings Corporate Trade Exchange (CTX) Credit

<> SXD

ACH Savings Corporate Trade Exchange (CTX) Debit

<> SYC

Pre-Arranged Payment or Deposit (PPD) Credit to Savings

<> SZC

ACH Savings Cash Concentration/Disbursement Plus (CCD+) Credit

<> SZD

ACH Savings Cash Concentration/Disbursement Plus (CCD+) Debit

<> TRA

Traveler's Check

<> VIS

VISA Special Electronic Funds Transfer Network

<> X12

X12

<> ZZZ

Mutually Defined