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JP Morgan Chase Bank - new Nacha rule on micro-entries
JP Morgan Chase Bank - new Nacha rule on micro-entries
Issue/Symptom/Question
Please see attached publication for new micro entry rule from JPM which is effective September 16, 2022. Could you please provide us information on what needs to be done for the Penta processing of pre-note with the new rule change?
https://www.nacha.org/micro-entries
Applies To
Penta for Windows
Payroll and Accounts Payable Direct Deposit bank setup
Resolution/Fix/Answer
PENTA does not use micro entries to perform validation, we utilize the pre-note to validate employee and vendor bank information.
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