Automated Clearing House Policy
This Automated Clearing House Policy addresses automated clearing house (ACH) products, services and operations of a bank, credit union, fintech company, or other type of financial institution that comply with all related laws, rules, and regulations. Nacha (National Automated Clearing House Association) rules and guidelines have been incorporated into this customizable Word template to address ACH compliance, responsibilities, and risk management measures for both originating (ODFI) and receiving (RDFI) organizations.
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, Transaction Processing, and Funding – Topic 15
- Staff Training – Topic 16
- Retention of Documentation – Topic 17
Recent updates to this product:
11/18/24 Update
Nacha – Open Banking and ACH Payments: The Impact of the CFPB’s Personal Financial Data Rights Final Rule
07/15/24 Update
Nacha Operation Bulletin 2024-1 – Changes to Upcoming Rules Effective Dates
05/04/24 Update
Nacha – Minor Rules Topics – Effective June 21, 2024
Nacha – Risk Management Topics – Effective October 1, 2024
Nacha – Risk Management Topics (Fraud Monitoring Phase 1) – Effective March 20, 2026
Nacha – Risk Management Rule Amendment (Company Entry Descriptions) – Effective March 20, 2026
Nacha – Risk Management Topics (Fraud Monitoring Phase 2) – Effective June 19, 2026
This Automated Clearing House Policy (approximately 88 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
Product Update Protection Plan
Ensure your purchase from BankPolicies.com remains current by adding a Product Update Protection Plan to your shopping cart. You’ll automatically receive an updated version via e-mail every time it’s revised, within one year from the last date of purchase.
Fully Customizable
Our bank policy templates are fully customizable and can be modified to suit the unique needs of your organization. Once you’ve placed your order with us, you can download the Microsoft Word template files or access them from your account. Simply save the files to your computer or network drive, edit the documents, and print. The process is fast and easy!
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