Automated Clearing House Policy Update Details

Product Update Notification - 09/30/08

What's New

Topic 7 - Receiving International ACH Transactions. This new topic includes the following subtopics:

Gateway Operator Processing Procedures - General

Gateway Operating Procedures - Rebalancing a Batch and File

RDFI Operating Procedures

Debit Blocks and Filters

What's Revised

Topic 3 - Definitions. Several new definitions relating to International ACH Payments were added.

Topic 4 - Risk Management. The "Compliance Risk" subtopic was completely revised. In addition, the following subtopics were added:

OFAC Screening

International ACH Transactions

ACH Agreement Form Template. Bullet point 3. (renamed "Cross Border/International Entries") was completely revised.

Product Contents

Purpose and Contents - Topic 1

Policy Description, Authority and Scope - Topic 2

Definitions - Topic 3

Risk Management - Topic 4

Receiving Consumer ACH Transactions - Topic 5

Receiving Corporate ACH Transactions - Topic 6

Receiving International ACH Transactions - Topic 7

ACH Origination Product Definition and Disclosure - Topic 8

Understanding ACH Origination Risk - Topic 9

ACH Origination Service Application - Topic 10

Credit Underwriting Guidelines - Topic 11

Processing an Approved ACH Origination Request - Topic 12

Processing a Declined ACH Origination Request - Topic 13

Deleting an ACH Origination Customer - Topic 14

ACH Origination Exceptions - Topic 15

Data Breach Notification Procedures - Topic 16

Audit Policy - Topic 17

Reconciliation of ACH Entries - Topic 18

Staff Training - Topic 19

Retention of Documentation - Topic 20

Includes the following form templates:

ACH Agreement (17 pages)

ACH Application (2 pages)

ACH Authorization for Automatic Deposits (1 page)

ACH Authorization for Preauthorized Payments (1 page)

ACH Cover Letter (2 pages)

ACH Implementation Forms (2 pages)

Ordering Information

This product is available to purchase from Bankpolicies.com for:

$325.00 - List Price

- or -

$75.00* - Update Price

*Applies only to clients who have purchased the Automated Clearing House Policy Template within the last three years in addition to the following prior updates (if applicable):

Automated Clearing House Policy Template Update - 11/28/07 - $75.00

Automated Clearing House Policy Template Update - 09/27/06 - $50.00

If you have ordered this product after 08/30/08 you are eligible to receive the product update at no charge.

Click here to place an order for this product. Clients who are eligible for our Legacy Rewards Volume Discount can apply their applicable discount level to the list or update price (whichever applies).

NOTE: Refer to our Place an Order page for important information regarding payment terms and our return policy. Orders placed for Product Updates are only available directly through Bankpolicies.com.

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