What Does CCD Mean on a Bank Statement?
CCD stands for Corporate Credit or Debit.
What CCD means
CCD is a Nacha Standard Entry Class (SEC) code for ACH payments between businesses or other organizations. Typical uses include a company paying a vendor, collecting from a business customer, or moving money between its own accounts.
You may also see CCD+, which is a CCD entry with one addenda record carrying extra payment details such as an invoice number. A related code, CTX, can carry much more remittance information.
How CCD appears on a bank statement
CCD entries show up mostly on business account statements, after the company name. Illustrative examples:
ACH DEBIT ACME SUPPLY CO CCD
ACME SUPPLY VENDOR PMT CCD ID: 1234567890Wording varies by bank. If you see CCD on a personal account, the sender may simply have used a business entry type. Contact the company or your bank if you’re not sure what it is.
What to do if you don’t recognize a CCD charge
Act fast. Business accounts don’t get the consumer protections of Regulation E, and the deadline for returning an unauthorized business debit through the ACH network can be as short as two banking days.
- Check with whoever handles your bills and recurring vendor payments.
- Contact the company named on the entry.
- Call your bank right away if the debit wasn’t authorized.
- Ask your bank about ACH debit blocks or filters, which let only approved companies debit your account.