Automated Clearing House (ACH) & NACHA Audit Compliance

NACHA Operating Rules require each participating Depository Financial Institution (DFI) to conduct an internal or external audit of compliance with provisions of the ACH rules in accordance with the requirements of Appendix Eight. Automated Clearing House rules can change up to four times per year, so it is vital to have experienced personnel conduct the audit.

Benefits

Knowledgeable ACH professionals will work with you and your staff to successfully complete your required annual ACH audit. Procedures and controls that can be strengthened are identified during the course of the review. An effective audit can serve as an early warning barometer and zero in on specific areas requiring additional attention.

CU Rx will review

  • Contingency Planning
  • ACH Records
  • Prenote Verifications
  • Credit Availability
  • Timely Returns
  • UCC 4A Compliance
  • Unauthorized Transactions
  • Right to Adjustment for RCK Entries and ARC Entries
  • Payment Related Information
  • Transmission via Unsecured Electronic Networks
  • Stop Payments
  • Record Retention
  • General Audit Requirements
  • Electronic Records
  • Acceptance of Entries
  • Periodic Statements
  • Re-presented Check Entries
  • Notification of Change
  • Federal Government Payments
  • Origination
  • Same Day ACH

Get caught up on compliance now!