[Local-Gov-News] Impact on Local Governments with ACH Debit Filters

[OST NEWSLISTS]

We have discovered an issue impacting local governments that use an ACH debit filter service at their bank.  Treasury uses different ACH Company ID numbers for ACH transactions we initiate through the Voice Response System (VRS) and the manual ACH process we are currently using for all LGIP ACH transfers.  We have discovered that some local governments do not have the manual ACH Company ID number in their debit filter at their bank, which is leading to ACH pool deposit transactions being rejected at the local government's bank.

To ensure that your Local Government Investment Pool ACH transactions process without issue, please confirm that the following ACH Company ID information is included in your ACH debit filter at your bank:

ACH Company ID - 9000017099
ACH Company Name - LGIP MANUAL
Please contact us at 1-800-452-0345 if you have any questions.





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