Automated Clearing House Policy
The purpose of this Automated Clearing House Policy Template example is to address 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. This policy is intended to be a general statement of an organization’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 topics 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 Final Rule – Micro-Entries
OCC Bulletin 2021-49 – Payment Systems: Revised Comptroller’s Handbook Booklet and Rescissions
Nacha Final Rule – Third-Party Roles and Responsibilities
Nacha Final Rule – Minor Rules Topics
Nacha News Release – Same Day ACH Payment Limit to Increase to $1 Million
Nacha News Release – Meaningful Modernization Rule
Nacha – Supplemental Data Security Requirements
Nacha – Expanding Same Day ACH
This Automated Clearing House Policy Template (approximately 80 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
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