Single Entry Authorization

Tel Entry Receiver

TEL:** A single-entry ACH debit initiated by an Originator pursuant to an oral authorization obtained over the telephone to effect a transfer of funds from a consumer account of the Receiver. This type of entry many only be used for a single-entry for which there is no standing authorization for the origination of the ACH entries to the Receiver's account. A TEL entry may only be used when there is an existing relationship between the Originator and the Receiver, or, when there is not an existing relationship between the Originator and the Receiver, when the Receiver initiates the telephone call. TEL is a Standard Entry Class Code.

 

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