Company Entry Description Mapping

Summary:

Hi We are using NACH Template for Bank of america , they are asking to populate Company Entry Description , as per them its requried field . But in template its not mapping to any field , So could you please suggest what fields should be use for that .

Bank has given below comments :-

The description describes the purpose of the entries, such as “PAYROLL” or“ECHECKPAY” for consumer entries, “TRADE PAY” for corporate receivers. NachaRules require that RDFIs print this value on the Receiver’s account statement.

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