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Fed to Implement New ACH Rules and Services in September
Monday, August 24, 2015 6:45 AM

Several new changes to automated clearing house (ACH) rules will take effect in September, including changes to the Federal Reserve’s FedACH services. These rule changes will be implemented with the FedACH changes kicking it all off on Sept. 1, when FedACH will no longer call customers when files are pending.

Customers will be able to monitor file status throughout the day, and FedACH Central Operations Support can be contacted with instructions to either release or reject a pending file. Any pending files remaining at the end of each day will be automatically rejected.

A number of other rule changes will be implemented in order to reflect changes approved by the membership of NACHA-The Electronic Payments Association.

Effective Sept. 18, the following NACHA-approved changes will take effect:

  • The return rate threshold for unauthorized debit entries will be reduced to 0.5 percent from 1 percent;
  • A new return rate level of 3 percent will apply to debit entries returned for administrative or account date errors; and
  • A new return rate level of 15 percent will apply to all debit entries (excluding re-presentation check entry) that are returned for any reason.

More information on the changes can be found in this month’s FedFlash newsletter.