NACHA Rule Changes

Effective: 2021-09-17 Meaningful ModernizationEFFECTIVE DATESeptember 17, 2021RULE STATUSUpcoming RulesThe overarching purpose of these rules is to improve and simplify the ACH user-experience by Facilitating the adoption of new technologies and channels for the authorization and initiation of ACH payments Reducing barriers to use of the ACH Providing clarity and increasing consistency around certain ACH authorization processes; and Reducing certain administrative burdens related to ACH authorizations The rule will become effective on September 17, 2021. DetailsStanding... Read More

Effective: 2021-06-30 DetailsThis rule limits the length of time in which an RDFI will be permitted to make a claim against the ODFI’s authorization warranty For an entry to a non-consumer account, the time limit will be one year from the settlement date of the entry ( analogous to one-year rule in UCC §4-406 that applies to checks and items charged to bank accounts) For an entry to a consumer account, the limit will cover... Read More

Effective: 2021-06-30 DetailsReversals This Rule will explicitly address improper uses of reversals. It will expand the permissible reasons for a reversal to include a “wrong date” error – 1) the reversal of a debit Entry that was for a date earlier than intended by the Originator, or 2) a credit Entry that was for a date later than intended by the Originator The Rule will establish formatting requirements for reversals, beyond the current standardized use... Read More

Effective: 2021-06-30 DetailsThe existing ACH Security Framework including its data protection requirements will be supplemented to explicitly require large, non-FI Originators, Third-Party Service Providers (TPSPs) and Third-Party Senders (TPSs) to protect deposit account information by rendering it unreadable when it is stored electronically. Implementation begins with the largest Originators and TPSPs (including TPSs) and initially applies to those with ACH volume of 6 million transactions or greater annually. A second phase applies to those with... Read More

Effective: 2021-03-19 DetailsCreates a third Same Day ACH processing window that expands Same Day ACH availability by 2 hours Currently, the latest that an ODFI can submit files of Same Day ACH transactions to an ACH Operator is 2:45 p.m. ET (11:45 a.m. PT)The new window will allow Same Day ACH files to be submitted until 4:45 p.m. ET (1:45 p.m. PT), providing greater access for all ODFIs and their customersThe timing of this new... Read More

Effective: 2021-03-19 DetailsCurrently, ACH Originators of WEB debit entries are required to use a “commercially reasonable fraudulent transaction detection system” to screen WEB debits for fraud. This existing screening requirement will be supplemented to make it explicit that “account validation” is part of a “commercially reasonable fraudulent transaction detection system.” The supplemental requirement applies to the first use of an account number, or changes to the account number. TechnicalThis Rule modifies the following areas of... Read More

Effective: 2020-04-01 This rule better differentiates among types of unauthorized return reasons for consumer debits. This differentiation will give ODFIs and their Originators clearer and better information when a customer claims that an error occurred with an authorized payment, as opposed to when a customer claims there was no authorization for a payment. ODFIs and their Originators should be able to react differently to claims of errors, and potentially could avoid taking more significant action... Read More

Effective: 2020-03-20 This new rule increases the Same Day ACH per-transaction dollar limit to $100,000 and will become effective on March 20, 2020. Details Increases the per-transaction dollar limit for Same Day ACH transactions to $100,000 Currently, Same Day ACH transactions are limited to $25,000 per transaction Technical The following changes to technical language represent modifications to the Nacha Operating Rules to adjust the per-transaction dollar limit to $100,000 for Same Day ACH entries: Article... Read More

Effective: 2019-09-20 This Rule increases the speed of funds availability for certain Same Day ACH and next-day ACH credits. Details Establishes additional funds availability standards for ACH credits Funds from Same Day ACH credits processed in the existing, first processing window will be made available by 1:30 p.m. in the RDFI's local time Funds from non-Same Day ACH credits will be available by 9:00 a.m. RDFI's local time on the Settlement Date, if the credits... Read More

Effective: 2019-06-21 This change to the Nacha Operating Rules will enhance quality and improve risk management within the ACH Network by allowing RDFIs to indicate within a return that the original transaction was questionable or part of anomalous activity. Details RDFIs may but are not required to use return reason code R17 to indicate that the RDFI believes the entry was initiated under questionable circumstances. RDFIs electing to use R17 for this purpose will use... Read More