Frequently Asked Questions
We base the deposit/voucher ticket number associated with each day’s deposits on a combination of the day of the month and a sequence number. The numbering scheme is slightly different for Fedwire deposits and Automated Clearing House (ACH) credit deposits. (IMPORTANT: Agencies should not build business logic around these numbers.)
Generally, if a remitter fails to follow payment instructions, the Credit Gateway automatically reverses (Fedwire) or returns (ACH) the transaction. We generally do not try to manually correct the transaction. In particular, we typically reverse/return the transaction if a remitter fails to use a valid, configured:
- Agency Location Code (for a Fedwire or ACH transaction) or Remittance Express (REX) Account ID (for an ACH credit transaction)
- converted Credit Gateway account number, or
- new Credit Gateway account number
We may try to manually correct certain Fedwire transactions above a certain dollar threshold.
Funds settle through routing numbers at Federal Reserve Banks. For any legacy programs that settled transactions to routing numbers at Federal Reserve Banks--including Fedwire Deposit System (FDS), REX, and Federal Reserve Electronic Tax Application (FR-ETA)--funds settle in the same manner as they have previously.
Through Credit Gateway account numbers, the Credit Gateway standardizes the way that we associate Fedwire and ACH credit transactions with your agency or a specific cash flow.
Unlike the legacy systems, FDS and REX, which each had legacy account numbers of different lengths and structures, the Credit Gateway uses a 12-digit account number.
The Credit Gateway uses two versions of this account number: Converted and New. These numbers differ somewhat to accommodate the old FDS and REX account numbers, but they have the same general structure.
The Credit Gateway account number is important for several reasons. A major reason is that with the account number, we can associate Fedwire and ACH credit transactions with both an Agency Location Code (ALC) and a cash flow.
Last modified 08/29/19