No, we don’t know if the recipient’s bank account is a business or personal. The originator should be asking this question when they collect the recipient’s information and authorization. CCD should only be used for B2B clients. We should not see too many clients using this code. This is a very limited use case, mostly for Charge Card repayments for B2B
Can you identify if a recipient's bank account is business or personal before sending an ACH transfer based on the routing number or other account properties?
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