ACH Transactions Compliance and Training Guide

Staying informed and in compliance can be a challenge in this complex industry.

ACH Compliance. This manual is not intended to replace the ACH Rules, or be used instead of the Rules. It is a reference tool containing explanations and examples to assist with application of the ACH Rules when originating or receiving ACH transactions.

Why is compliance so important? Noncompliance with the ACH Rules can create rules violations, potentially resulting in a fine to the financial institution. Lack of ACH risk management policies and well-documented operational procedures can expose your institution not only to a financial loss, but also loss of account holders and damage to the institution’s reputation.

ACH Training. The Guide is also an excellent resource to use in preparation for the AAP (Accredited ACH Professional) exam offered by NACHA in October. The manual includes training materials that can be used as a self-paced training program or in a classroom setting. The issues covered include ACH Fundamentals, ACH Files, ODFI and RDFI Operations, Other ACH Participants, Risk Management, and Regulatory Compliance.

Why is training so important? Whether you choose self-paced study or classroom training, you will find the comprehensive reviews, manager’s handbook, and examination invaluable tools to help keep your ACH knowledge current and skills sharp.

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