BakerSue_PowerPoint_ExampleProject

ACHAutomated Clearing

House

GENERAL INFORMATION AND GUIDELINES

-CREDIT UNION / FRONT LINE STAFF-

ACH Process Flow Chart

• ODFI – Originating Depository Financial Institution

• RDFI – Receiving Depository Financial Institution

ACH Green Book Information

ACH General Information:

ACH is Account Number driven-

Account number is correct , the system posts.

Account number is NOT correct, it is manually reviewed.

All Financial Institutions regulated by the same rules.

Credits must be available by Settlement Date.

Defined as 9:00 a.m. or when facilities open.

Delivery Channels Percentages

26%

25%23%

11%

10%

5%

POS Online Banking ACH ATM In Person/Branch Mail

What is required for ACH Originations -

Transactions that CANNOT be set up for Originations?

Pay Rent

Pay babysitters

Pay Dues

ACH Debits (withdrawals)

ACH Credits (deposits) ACH Loan Payments

Member must have ownership on both

accounts.

Advise member to ensure institutions accept

debits / credits.

ACH Origination Time Frames

Type: **Business Days:

New 4 Prior to start date

Delete 2 Prior to next posting date

Change 2 Prior to next posting date

(if changing our own account information)

Change 4 Prior to next posting date

(if changing OTHER Financial Institutions account information)

**Do Not include Federal Holidays as a business day.

Federal Reserve Holiday Schedule

ACH Origination Frequency & DescriptionsTransfer Type Frequency

Day(s) History Description Set Up / Delete Process

Once per Month Selected date per month (except 31st) CU Transfer – 1, 2, 3… ACH Authorization Form

Every Friday Friday CU Transfer - Friday ACH Authorization Form

Thursday Biweekly Opposite Week of Biweekly Friday** CU – BWK Thursday ACH Authorization Form

Friday Biweekly Opposite Week of Biweekly Thursday** CU – BWK Friday ACH Authorization Form

Bank to Bank Monthly, Biweekly, Weekly, or one time CU –BTB TRNF

Member initiates/removes Bank to Bank system

**Calendar for Biweekly Transfer

ACH RETURN

S

Return Type: Timeframe:Posted Stop Payments 2 Business Days

1st Time ACH Stop Payment Watch account 1 week

Written Statement of Unauthorized Dispute 60 Calendar Days from date of debit ***

***Regulation E

2015 Schedule of Social Security Benefit Payments

Online SSA Schedule

2015 – 2019 Federal Reserve Holiday Schedule

2015 Treasury Payment Schedule

Online Treasury Payment Schedule

Thank you for participating!

Still have questions …….

Give the ACH Department a call or email!

ACH 517-202-XXXX

Fax 517-202-XXXX

ACH Department Email

Works Citied:

• Bureau of the Fiscal Service - https://www.fiscal.treasury.gov/fsreports/ref/greenBook/greenbook_home.htm

• Board of Governors of the Federal Reserve System – https:www.federalreserve.gov

• Bing Clipart – ‘Question Mark, ACH Flow Chart, Post it Notes, & Stop’ ClipArt

• Lake Trust Credit Union – ACH Origination Frequency Calendar

• Social Security Official Website – www.socialsecurity.gov

• Sue Baker – Home Picture