Automated Clearing House Policy
The purpose of this Automated Clearing House (ACH) Policy Template example is to address ACH products, services and operations of a bank, credit union, or other type of financial institution that comply with all related laws, rules and regulations. This policy is intended to be a general statement of a financial institution’s objectives, direction and expectations regarding ACH operating services. As such, it is the authority, basis and platform for the development, communication, implementation, interpretation and enforcement of appropriate and applicable operating procedures that follow in subsequent sections of this policy.
Table of Contents
- Purpose and Contents – Topic 1
- Policy Description, Authority and Scope – Topic 2
- Definitions – Topic 3
- Risk Management – Topic 4
- ACH Origination Product Definition and Disclosure – Topic 5
- Understanding ACH Origination Risk – Topic 6
- ACH Origination Service Application – Topic 7
- Credit Underwriting Guidelines – Topic 8
- Processing an Approved ACH Origination Request – Topic 9
- Processing a Declined ACH Origination Request – Topic 10
- Deleting an ACH Origination Customer – Topic 11
- ACH Origination Exceptions – Topic 12
- Data Breach Notification Procedures – Topic 13
- Audit Policy – Topic 14
- Reconciliation of ACH Entries – Topic 15
- Staff Training – Topic 16
- Retention of Documentation – Topic 17
Recent updates to this product:
NACHA – Increasing the Same-Day Dollar Limit
NACHA – Supplementing Data Security Requirements
NACHA – Expanding Same-Day ACH
NACHA – Third-Party Sender Registration Rule
This Automated Clearing House Policy Template (approximately 71 pages) is available to purchase from BankPolicies.com in Microsoft® Word format for $275.00.
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When updates are made you will receive detailed information regarding why the product was updated and what has changed within the product in our Product Update Notification e-mail correspondence. This enables you to make an informed decision on whether to make any changes to the policy or procedure you implemented for your financial institution from the revised template.
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