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SEC Codes

TRC

An SEC code is a three letter code that describes how a payment was authorized by the consumer or business receiving an ACH transaction. SEC stands for 'Standard Entry Class'. SEC codes are defined and maintained by NACHA, the governing body for the ACH network.

SEC Code
TRC
Definition
Truncated Entry
Transaction Type
Debit Single Entry
Account Type
Consumer or Non-Consumer
Requirement
Agreement: ODFI and RDFI

What is Standard Entry Class (SEC) Code TRC?

SEC code TRC stands for Truncated Entry. This SEC code is used in the context of Automated Clearing House (ACH) transactions, which are electronic payments or collections made through the ACH network. The transaction type for TRC is a single entry ACH debit.

TRC is used for transactions where a physical check is truncated, meaning the original check is converted into an electronic transaction. The physical check is not returned to the issuer but is instead used to create an electronic record for processing.

The consumer authorizes the transaction by writing the original check. The check is then truncated and converted into an electronic transaction by the financial institution or entity processing the check. TRC transactions are processed as ACH entries, meaning the funds are electronically transferred from the check writer’s bank account to the payee’s account.

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