Investopedia

Batch Header Record

Filed Under »
Dictionary Says

Definition of 'Batch Header Record'

A standard record of information regarding the transfer of a group of data (a batch), usually within the banking field. The batch header record contains information that is crucial for the successful processing of the batch. It identifies the origin of the transaction and summarizes the debits and/or credits involved. When combined with the entry detail records, the batch header record fully describes the transaction.
Investopedia Says

Investopedia explains 'Batch Header Record'

In banking, the batch header record is used in the automated clearing house (ACH), which is a batch-oriented electronic funds transfer system. To begin, the transaction is given a file header record to identify the origin and characteristics of the file. This is followed by a number of batches, each with its own batch header record.

Although the batch header record is predominantly used in banking transactions, it is also used in other important transfers, such as between businesses, departments and hospitals.

Articles Of Interest

  1. What does CHIPS UID mean?

    CHIPS UID stands for Clearing House Interbank Payments System Universal Identifier. This is just a fancy name for an electronic clearinghouse database system, which facilitates the transfer of ...
  2. Inside National Payment Systems

    The global interconnection of U.S. payment systems makes commerical and financial transfers possible.
  3. Trading Systems Coding

    Automate your trades by translating your strategy into a language your computer can implement in this hands-free approach to investing.
  4. Analyzing A Bank's Financial Statements

    A careful review of a bank's financial statements can help you identify key factors in a potential investment.
  5. The Evolution Of Banking

    Banks are a part of ancient history. Find out how this system of money management developed into what we know today.
  6. The Future Of Sales Brokers

    The role of the sales broker, as a purely transaction-based salesperson, is changing. Find out what's next for this industry.
  7. Understanding The Consumer Financial Protection Bureau

    The new CFPB will try to make sure the financial products and services market is fair, transparent and competitive.
  8. 5 Ways Banks Will Pad Their Profits This Year

    Recent regulations have banks looking for new ways to make money. Find out how your banking will be affected in 2011.
  9. 8 Low-Cost Ways To Transfer Money

    If cost is your primary concern, there are several cheap(er) ways to move funds.
  10. How To Cut Your Banking Fees

    Smart consumers can side-step most of the new bank fees by investing some time and effort.
comments powered by Disqus
Marketplace
Hot Definitions
  1. Disaster Loss

    A special type of tax-deductible loss, similar to a casualty loss, where a loss has been incurred by taxpayers who reside in an area that has been designated as a federal disaster area by the President.
  2. Fool In The Shower

    The notion that changes or policies designed to alter the course of the economy should be done slowly, rather than all at once.
  3. Pattern Day Trader

    An SEC designation for traders who trade the same security four or more times per day (buys and sells) over a five-day period, and for whom same-day trades make up at least 6% of their activity for that period.
  4. Cost-Push Inflation

    A phenomenon in which the general price levels rise (inflation) due to increases in the cost of wages and raw materials.
  5. Happiness Economics

    The formal academic study of the relationship between individual satisfaction and economic issues, such as employment and wealth.
  6. Affluenza

    A social condition arising from the desire to be more wealthy, successful or to "keep up with the Joneses." Affluenza is symptomatic of a culture that holds up financial success as one of the highest achievements.
Trading Center