Skip to content
Thread Options
#1852103 - 09/13/13 07:23 PM ACH IAT Transaction Exemption
lefty Offline
100 Club
Joined: Oct 2002
Posts: 188
We provide ACH IAT consumer transfers to our customers and I have included these in calculating the < 100 exemption rule. We have around 92 ACH IAT outbound transfers (all to Mexico) per month and minimal consumer to consumer wire activity (less than 25 per year).

We process these transactions through FED Global ACH that an exemption is in place and that we may not need to concern ourselves with the disclosures.

Does anyone have any documentation that would confimr this for me?

Last edited by lefty; 09/13/13 08:15 PM.
Return to Top
Remittance Transfer Rule
#1852236 - 09/16/13 03:59 AM Re: ACH IAT Transaction Exemption lefty
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 39,785
Cape Cod
What is your source for this info, Lefty. I have not seen such an exemption, although I can't say it is not available, either.
John S. Burnett
Fighting for Compliance since 1976
Bankers' Threads User #8

Return to Top