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#1468296 - 11/16/10 04:52 PM ACH Audit Question
heathern Offline
Member
Joined: Dec 2008
Posts: 65
I don't know what and ACH wholesale credit is. I'm working on the ACH audit and I need to determine if we receive ACH "wholesale credits" which are subject to UCC Article 4A. Can anyone shed some light. Much appreciation.

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Audit
#1468365 - 11/16/10 05:53 PM Re: ACH Audit Question heathern
A_G Offline
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Joined: Jul 2004
Posts: 18,957
They are credits to corporate customers and they use the standard entry codes CCD and CTX.
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#1470914 - 11/19/10 10:32 PM Re: ACH Audit Question A_G
ackcompliance Offline
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Joined: Nov 2009
Posts: 139
Are these credits only supposed to go to corporate customer's accounts? I found a CCD credit going into a consumer's account. Is this ok?

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#1470918 - 11/19/10 10:39 PM Re: ACH Audit Question ackcompliance
Midnight Offline
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Midnight
Joined: Jun 2008
Posts: 69
Upper Mid West
During our audit last year we also discovered CCDs going into consumer accounts. We decided to send to all our consumers the ACH wholesale credit disclosure.

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