NACHA Rule Changes

Effective: 2019-01-01 This rule changes the structure of the audit requirement within the Rules, but does not change the requirement to conduct a Rules compliance audit annually. This rule change modifies the Rules to provide financial institutions and third-party service providers with greater flexibility in conducting annual Rules compliance audits. The rule does not change the requirement to conduct a Rules compliance audit annually, but rather changes the structure of the audit requirement within the... Read More

Effective: 2019-01-01 These ballots amend the Rules to address a variety of minor topics. Minor changes to the Rules have little-to-no impact on ACH participants and no significant processing or financial impact. Details ACH Operator EditsThis change aligns the Rules with current ACH Operator file editing practices. Clarification on TEL Authorization RequirementThis change makes clear that the general rules governing the form of authorization for all consumer entries apply to TEL entries. This rule also... Read More

Effective: 2018-03-16 Same Day ACH: Moving Payments Faster (Phase 3) New capabilities of Same Day ACH become effective over three phases to allow financial institutions and businesses to acclimate to a faster processing environment, as well as to ease the implementation effort. Beginning March 16, 2018, RDFIs will be mandated to make funds available from same day ACH credits (such as payroll Direct Deposits) to their depositors by 5:00 PM at the RDFI’s local time.... Read More

Effective: 2017-10-03 This Rule is intended to improve ACH Network quality by reducing the incidence of ACH debits that are returned as unauthorized. Under this Rule, an ODFI will pay a fee to the RDFI for each ACH debit that is returned as unauthorized (return reason codes R05, R07, R10, R29 and R51). ODFIs will have an economic incentive to improve the quality of the ACH transactions they originate. RDFIs will be compensated for a... Read More

Effective: 2017-09-29 DEADLINE for initial registration is March 1, 2018.This rule requires Originating Depository Financial Institutions (ODFIs) to identify and register their Third-Party Sender customers. The registration process promotes consistent customer due diligence among all ODFIs, and serves as a tool to support NACHA’s continuing efforts to maintain ACH Network quality. Register your Third-Party Sender customers here. Initial Registration For ODFIs with no Third-Party Sender customers, the Rule will require the ODFI to acknowledge this... Read More

Effective: 2017-09-15 New capabilities of Same Day ACH become effective over phases to allow financial institutions and businesses to acclimate to a faster processing environment, as well as to ease the implementation effort. Beginning September 15, 2017, Same Day ACH is available for debit entries, enabling the same-day processing of virtually any ACH payment. The Rule enables the option for same-day ACH payments through additional ACH Network functionality, without affecting previously available ACH schedules and... Read More

Effective: 2017-01-23 NACHA has adopted a Rule to provide a new, ubiquitous capability for moving ACH payments faster. The Rule will enable the same-day processing of virtually any ACH payment. Currently, most ACH payments are settled on the next business day. There are many uses of ACH payments, however, for which businesses and consumers could benefit from same-day processing. This NACHA rule change will enable ACH Originators that desire same-day processing the option to send... Read More

Effective: 2016-08-18 Clarification of Reinitiation – Standard Entry Description; RCK; and Returns for R03/R04 These amendments revise the recently-adopted rules governing the reinitiation of returned entries to make clarifications on formatting requirements and scope of coverage:(1) The recently effective changes to the reinitiation rules require the use of a specific company entry description (“RETRY PYMT”). In any case where an entry is returned and subsequently reinitiated, the rule intended the description “RETRY PYMT” to supersede... Read More

Effective: 2016-03-18 This Rule establishes an Originator/Third-Party Service Provider obligation to provide consumer Receivers with certain disclosures when providing those consumers with cards used to initiate ACH Point of Sale (POS) Entries. NACHA continues to receive feedback from some financial institutions that they experience customer service calls and contacts regarding so-called ACH cards (i.e., cards issued by third-parties – generally non-financial institutions – that initiated debits to a consumer’s account via the ACH). These financial... Read More

Effective: 2015-09-18 This Rule establishes a guideline for an Originator's administrative return rate of 3 percent or below of the total Entries originated. The guideline applies to debit Entries returned due to administrative or account data errors (Return Reason Codes R02, R03 and R04). Additionally, this Rule also establishes an acceptable guideline for an Originator's overall debit Entry return rate of 15 percent or below of the total Entries originated (excluding RCK entries). Return rates... Read More