Automated Clearing House Policy
This Automated Clearing House Policy addresses automated clearing house (ACH) products, services and operations of banks, credit unions, fintech companies, or other types of financial institutions 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:
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
The Product Update Protection Plan is a great way to keep your bank policy up to date! Simply add it to your cart and purchase it for one year of free updates via email.
