Automatic Clearing House (ACH) identifiers (IDs) are unique identifiers for an association's operating bank account that allows it to receive funds via an ACH or electronic transfer.

The prefix for the ACH ID is provided to Vantaca by the bank and  is typically "1" for all operating accounts. The default format of an ACH ID is the number one followed by the association's nine-digit tax ID.

When you create a new association, adding the Tax ID creates a default ACH ID for that association's bank account. In most cases, it is not necessary to enter a specific ACH ID, as Vantaca will do that for you.

Example:

1 and then the Association's 9-digit Tax ID 

When to Create a New ACH ID

Shared TaxID

If you are unsure of your prefix or ACH ID, contact your bank representative. Sometimes, the ACH ID set up at the bank does not follow the typical format (1+association tax ID) for the operating account. In this case, you must enter the ACH ID on the Association > Bank Account screen.

Note: The most likely cause for having a different ACH ID is if two associations have the same Tax ID.

Two (or more) associations can share the same Tax ID in a Master/Sub relationship, but each needs a unique ACH ID so the bank knows each association's transactions in the ACH file. 

Reserve Accounts

For reserve accounts, you must enter ACH IDs on the bank account. The bank usually sets these up in the following format: 2+assoc Tax ID, 3+assoc Tax ID, etc. If you are unsure of the ACH ID for an account, confirm with the bank to avoid transfers initiated for the wrong account. 

These are required if you ever plan to make transfers that do not include the operating account (ie. reserve to reserve). The bank also must set up the ability to process ACH transfers for reserve accounts.

Create a New ACH ID

To override the default ACH ID for a bank account:

1. Navigate to Association > Bank Accounts.
2. Click Edit next to account for the association for which you want to change the ACH ID.
   Important: If the ACH ID field is blank, then this association is using the default as described previously.
3. Enter the ACH ID (1) provided by the bank.
   
   
   
   
4. Click Update.