[Treasury-News] Oregon State Treasury | Update on Received ACH at U.S. Bank

[OST NEWSLISTS]

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Update on Received ACH at U.S. Bank
As previously communicated, received ACH services at U.S. Bank were generally discontinued as of July 1. While most received ACH transactions directed to U.S. Bank will be returned to the payer, agencies and universities may continue to see limited transactions process through U.S. Bank this month depending on when transactions were originated. And remember that ACH transactions will continue to process through U.S. Bank's E-Payment service.

Agencies and universities continue to have access to legacy reporting for any received ACH transactions still processed through U.S. Bank. Such transactions will also be reflected on Treasury account statements (received ACH transactions processed through U.S. Bank are identified on Treasury account statements as "Incoming ACH" with a "1" in the column titled "Check/Advice Number Item Count").

If you do not receive an expected ACH payment, ensure the payer has your KeyBank ACH payment instructions.

If you have any questions, contact Customer Solutions at customer.solutions at ost.state.or.us<mailto:customer.solutions at ost.state.or.us>.
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