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#2219796 - 08/15/19 08:26 PM Same Day ACH verbiage for ACH Policy
Melissa Martinez Offline
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Joined: Apr 2018
Posts: 3
Can anyone share verbiage from their ACH policy regarding Same DAY ACH rule changes?

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#2219798 - 08/15/19 08:52 PM Re: Same Day ACH verbiage for ACH Policy Melissa Martinez
HappyGilmore Offline
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Posts: 19,855
Pulling people out of the ditc...
that is a pretty open ended and broad ask, can you clarify what you mean?

our policy on ACH deals solely with origination exposure limits, and it makes no mention of rule changes at all. What are you trying to accomplish here?

Simply make your policy say "we follow regulatory and NACHA operating rule" and you are covered
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#2219817 - 08/16/19 02:24 PM Re: Same Day ACH verbiage for ACH Policy Melissa Martinez
Melissa Martinez Offline
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Joined: Apr 2018
Posts: 3
Our new Compliance Officer asked me why we don't have anything in our Policy regarding same day rules, so I assumed it needed to be mentioned.

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#2219852 - 08/16/19 05:33 PM Re: Same Day ACH verbiage for ACH Policy Melissa Martinez
HappyGilmore Offline
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Joined: Jun 2004
Posts: 19,855
Pulling people out of the ditc...
that makes sense...so, easiest process for policies is make as broad as possible, use the wording i suggested about following regulatory and nacha requirements...
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#2220161 - 08/21/19 07:36 PM Re: Same Day ACH verbiage for ACH Policy Melissa Martinez
John Burnett Offline
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You are still not going to provide availability sooner than when you have final settlement for the ACH credit hitting the customer's account, right?
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#2220279 - 08/22/19 09:14 PM Re: Same Day ACH verbiage for ACH Policy Melissa Martinez
Melissa Martinez Offline
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Joined: Apr 2018
Posts: 3
That's right.

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