Identification of the method employed or to be employed in order that a payment may be made or regarded as made. The method may or may not be tied to a guarantee.
Code
Description
1
Direct payment
Self explanatory.
2
Automatic clearing house credit
Self explanatory.
3
Automatic clearing house debit
Self explanatory.
4
Automatic clearing house credit-savings account
Self explanatory.
5
Automatic clearing house debit-demand account
Self explanatory.
6
Bank book transfer (credit)
Self explanatory.
7
Bank book transfer (debit)
Self explanatory.
8
Doc collection via 3rd party with bill of EX
Self explanatory.
9
Doc collection via 3rd party no bill of EX
Self explanatory.
