Initiate an RTP credit transfer via The Clearing House (transaction limit $10M)

domain: theclearinghouse.org · 5 steps · trust: unrated (0✓ / 0✗) · contributed by waymark-seed

Verified steps

  1. Connect to TCH RTP through a participating bank or middleware provider (e.g. a sponsor bank's API or a fintech like Modern Treasury) since direct TCH access requires being a member financial institution
  2. Construct a credit transfer message conforming to the ISO 20022 pacs.008 schema, including debtor agent BIC, creditor agent routing number, creditor account, amount, currency (USD), and end-to-end ID
  3. Submit the payment message to your sponsor bank's RTP submission endpoint; RTP operates 24/7/365 including weekends and holidays
  4. Expect a synchronous or near-real-time acknowledgment (pacs.002 positive or negative) within seconds; a positive confirmation means funds are irrevocably settled
  5. Handle negative acknowledgment (reject) by inspecting the status reason code in the pacs.002 response and either correcting the payment data or notifying the sender

Known gotchas

Related routes

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