ACHZone

Your Catalyst for All Things ACH.


Frequently Asked Questions

ACH Fed Settlement FAQs

  • Will Same-Day ACH settlement amounts be received from the Fed on the same day as the file submission?

  • Will we receive multiple settlement files from the Federal Reserve?

ACH Online/Origination FAQs

Nacha Rules FAQs

  • Are there any changes to the Nacha Rules for return codes in 2020?

  • Will there be any difference between the requirements for return codes R10 and R11?

  • Do return codes R10 and R11 allow for disputes?

  • What is the difference between Return Code R10 and R11?

  • Will the Return Code R11 be subject to the Unauthorized Entry Fee?

  • What is Same-Day ACH?

  • Will Nacha add another Same Day processing window?

  • What is an Unauthorized Entry Fee? (effective October 3, 2016)

  • What are the Guidelines Regarding the Timing of Debit Entry Postings?

  • What are the Guidelines Regarding the Timing of Credit Entry Postings?

  • What is an addenda record and what information does it provide?

  • What is a Standard Entry Class Code (SEC)?

  • How does the Standard Entry Class Code (SEC) work with the return code?

Same-Day ACH FAQs

  • What is Same-Day ACH?

  • Are we required to participate in Same-Day ACH?

  • Do we send returns once a day, or should we send them multiple times per day? If once a day, would we wait until the end of the day?

  • Do RDFIs get to keep the 5.2 cent fee when they return a Same-Day ACH item?

  • How do we handle the last file transmission of the day if we are closed by the time it is received? Will staff need to work late to post this last file?

  • How does Same-Day ACH work for early closings and holidays (i.e. the day after Thanksgiving)?

  • How does Same-Day ACH affect settlement at Catalyst Corporate? When do the charges reflect on our corporate account?

  • If we pick up the last file of the day, can we wait until the next morning to work those entries?

  • Does Catalyst send items released in their origination software multiple times per day to the Fed?

  • If you receive an item in the morning, do you have to wait until the end of the day to return it?

  • We generally post payroll credits a day before the effective date. Should these changes affect or change this practice?

  • What's the timeframe for returning Same-Day ACH debit transactions?

  • Will Same-Day ACH settlement amounts be received from the Fed on the same day as the file submission?

  • Will we receive multiple settlement files from the Federal Reserve?

  • Are returns, notifications of change (NOCs) and death notification entries (DNEs) included in the Same-Day ACH rule?

  • Can returns be included in all receipt files?

  • Can future dated CREDIT items be posted the day they are received?

  • Can future dated DEBIT items be posted the day they are received?

  • Is the over $100,000 value limit applied to a single item or to a batch?

  • What happens if a batch submitted for same-day settlement contains one or more item(s) over $100,000?

  • What is the difference between the effective date and the settlement date?

  • Will Real Time Payments be sent through the ACH network?

TranZact ACH Receipt FAQs