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 – Supplemental Data Security Requirements
NACHA – Expanding Same Day ACH
NACHA – Increasing the Same-Day Dollar Limit
NACHA – Supplementing Data Security Requirements
NACHA – Expanding Same-Day ACH
This Automated Clearing House Policy Template (approximately 71 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
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