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#862362 - 11/28/07 11:26 PM ACH Self Audit - De Novo Bank
ItNeverEnds CRCM Offline
Platinum Poster
Joined: Oct 2006
Posts: 992
Looking for my sanity
I'm desperately looking for some help regarding the annual ACH self audit. We're a de novo (opened just about a year and a half), I'm getting to this extremely late and I'm getting conflicting information from some other de novo's that about whether we have to complete this self audit or not. I think we do. We're outsourced to Fiserv ITI and they actually process our files, but we do originate as far as business customers payroll files they upload through our online banking. Aren't we still required to complete the self audit? Even if we didn't originate, wouldn't we still have to complete it since we're an RDFI? Just because we're outsourced, that doesn't take the responsibility off us correct? Any thoughts would be greatly appreciated.
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Audit
#862492 - 11/29/07 01:49 PM Re: ACH Self Audit - De Novo Bank ItNeverEnds CRCM
Ready to Retire Offline
Diamond Poster
Joined: Aug 2005
Posts: 2,313
Living in the land of Oz
You are correct. Any bank that is an ODFI or a RDFI must complete the self-audit. You do have some responsbilities even though you outsource as far as being an ODFI and you have said that you are a RDFI. Look at Appednix 8 of the NACHA rules.

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