NACHA-ACH-RCL

NACHA ACH code for post-death reclaim.

Definition

RCL is typically used by US Social Security Administration to reclaim benefits paid post-death. 90-day limit in some cases. ODFI (Originating Depository FI) issues RCL and RDFI (Receiving) must return funds within 60 days. Governed by NACHA Operating Rules section 8.

Origin

Specified in NACHA Operating Rules.

Example in context

SSA issues ACH RCL to reclaim USD 1500 of benefits paid to a deceased beneficiary's account.

Related terms

• NACHA ACH — parent network.