An addenda record is an optional record that provides supplemental data about a transaction. Addenda records can help simplify the reconciliation process by providing additional insight into specific transactions.

Addenda information

Supported payment types

Addenda records are supported on the following payment types:

• ACH (Standard, Same-Day, Next-Day, and Expedited)
• International ACH
• International SWIFT (International ACH)
• Real-Time Payments (RTP) (Referred to as remittance info for RTP)

Character limits

• ACH and international payments: Up to 80 characters
• RT: Up to 140 characters

Limitations

• ACH addenda cannot be added to payments sent to individual (personal) vendors — only business vendors
• Addenda can only be added to one payment at a time
• Adding an addenda record may incur an additional fee

Creating and editing addenda records

Adding addend records when creating payments

When creating a new payment in Routable, under the Payment details section, there is a button to +Add addenda record.

Click the button and in the Addenda record text field, add the description you would like to appear along with the transaction on the bank statement. The maximum length of this description is 80 characters for ACH delivery options and 140 characters for Real-Time Payments (RTP).

Click Add addenda record to add this addenda to your payment.

Editing and deleting addenda records

If you need to change your addenda record before sending a payment, you can do so using the edit and delete buttons next to the addenda.

Basis points and addenda records

Adding an addenda record to a payment can result in an additional cost of up to 3 basis points per transaction (with a maximum cost of $1.99 per transaction).

Basis points are a unit of measure used in finance to describe the percentage change.

• One basis point is equal to 0.01% (1/100th of a percent).
• A charge of 3 basis points means the charge is 0.03% of the initial amount.