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#1176665 - 05/06/09 01:51 PM Prenotifications
lucyc Offline
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lucyc
Joined: Jul 2007
Posts: 1,071
As an RDFI do we have the option to decide not to accept prenotifications?

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eBanking / Technology
#1176775 - 05/06/09 03:02 PM Re: Prenotifications lucyc
AuditorK Offline
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Joined: Feb 2003
Posts: 961
PA
Simply stated - the answer is no.

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#1176781 - 05/06/09 03:08 PM Re: Prenotifications AuditorK
lucyc Offline
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lucyc
Joined: Jul 2007
Posts: 1,071
Can you tell me where I can find this in the ACH Rules so I can forward to Senior Management?

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#1176860 - 05/06/09 03:56 PM Re: Prenotifications lucyc
John Burnett Offline
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John Burnett
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Cape Cod
If you have a copy of the 2009 ACH Rules from NACHA, go to page OR 22, right column, bottom.

If you're looking online or in another publication, look for Subsections 4.1.2 and 4.1.3 of the Operating Rules.
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#1176892 - 05/06/09 04:17 PM Re: Prenotifications John Burnett
AuditorK Offline
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Joined: Feb 2003
Posts: 961
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SUBSECTION 4.1.2 Obligation to Verify Prenotification
If a prenotification has been initiated by an Originator, the RDFI receiving the prenotification must verify that the account number contained in the prenotification is for a valid account. If the RDFI finds that a prenotification does not contain a valid account number, or is otherwise erroneous or unprocessable, it must reject the prenotification and transmit a return entry complying with the requirements of Article Six (Return, Adjustment, Correction, and Acknowledgment of Entries and Entry Information) and Appendix Five (Return Entries), or the RDFI may transmit a Notification of Change complying with the requirements of Article Six (Return, Adjustment, Correction, and Acknowledgement of Entries and Entry Information) and Appendix Six (Notification of Change).

SUBSECTION 4.1.3 Obligation to Accept Entries
Subject to its right to return or reject entries under these rules, an RDFI must accept credit, debit, and zero dollar entries that comply with these rules and are received with respect to any account maintained with that RDFI. The RDFI also must accept prenotifications that comply with the provisions of these rules relating to prenotifications.

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