Prohibiting ACH for Escrow: Business Decision

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Question:

Our practice is not conducting ACH transactions for Trust accounts such as Escrows. Is there any compliance reason to prohibit ACH for escrow or is it merely a business decision? Escrow company doesn't conduct ACH transactions but wires or check only.

Answer:

by Randy Carey:

It is business decision. If the customer doesn't have the need for the service, I don't think you want to turn it on.

Answer:

by John Burnett:

NACHA rules require that bank accept incoming ACH items for transactions accounts. But you don't have to allow everyone to originate ACH entries.