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#1305435 - 12/14/09 08:56 PM WSUPP Form Retention
denali Offline
100 Club
Joined: Mar 2006
Posts: 102
Fairbanks, Alaska
Does anyone know the retention required for WSUPP forms? I can't seem to find it in the ACH Rule book. Thanks for any help!

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#1311002 - 12/21/09 11:32 PM Re: WSUPP Form Retention denali
kiemo Offline
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kiemo
Joined: Jan 2009
Posts: 267
MidUS
Records of entries, including return and adjustment entries, transmitted to or from and ACH Operator are to be retained six years from date the entry was transmitted. Appendix Eight will indicate record retention requirements for RDFI and ODFI and 8.2 J refers to ensuring that Wsupp's are on file to be be made avilable to the ODFI when and if such copy is requested - Wsupp returns are within 60 days of settlement so it would be highly unlikely that an originator would want that after a year. We are small enough at our financial to retain for six years (anything ACH for 6 years is easier to remember )although I believe that the actual requirement is less than two years.

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#1313064 - 12/24/09 12:36 AM Re: WSUPP Form Retention kiemo
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
The new WSUD form (replacing the WSUPP as of 3/19/2010) will have a retention period of one year from the Settlement Date of the adjustment entry (there is not a stated retention period for the current WSUPP form in NACHA rules although the ODFI can request a copy for one year).

The other change is that the RDFI will have only 10 banking days (as opposed to the current 60 calendar days) to supply a copy of the WSUD when it's requested by the ODFI.

These changes were announced in NACHA's June 5, 2009 Notice of Amendment, Supplement #2-2009 to the ACH Rules.
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#1313484 - 12/24/09 07:33 PM Re: WSUPP Form Retention John Burnett
denali Offline
100 Club
Joined: Mar 2006
Posts: 102
Fairbanks, Alaska
Thank you so much for the information. I appreciate yout time!

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#1326774 - 01/19/10 08:40 PM Re: WSUPP Form Retention denali
burgh Offline
Junior Member
Joined: Sep 2005
Posts: 40
Does anyone have the list of requirements for the WSUD form?

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#1326872 - 01/19/10 10:31 PM Re: WSUPP Form Retention burgh
AK Banker Offline
100 Club
Joined: Sep 2009
Posts: 124
Alaska
Minimum Information Requirements for Written Statements:

1) Receiver's printed name and signature
2) Receiver's account number
3) Party debiting the account, as identified to the Receiver
4) Posting date of the entry
5) Reason for the return
6) Date of signature
7) Receiver assertion that the Written Statement is true and correct
8) Receiver assertion with the Receiver is an authorized signer or has authority to act on the account

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#1328129 - 01/21/10 05:26 PM Re: WSUPP Form Retention AK Banker
kiemo Offline
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kiemo
Joined: Jan 2009
Posts: 267
MidUS
Does anyone know if any of the Regional Associations may be providing access to a 'sample' WSUD form ??

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#1329402 - 01/22/10 09:01 PM Re: WSUPP Form Retention kiemo
BetsyS Offline
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Joined: Jun 2009
Posts: 471
I received one yesterday from WesPay at a seminar. I beleive they said there would be a sample in the 2010 rulebook. I haven't received mine yet.
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#1330931 - 01/26/10 04:34 PM Re: WSUPP Form Retention BetsyS
RR Sarah Offline
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RR Sarah
Joined: Mar 2004
Posts: 2,505
Up North
We received our 2010 NACHA rule book last week. There is a sample WSUD form included.
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