Aug 28

When ACH Fraud Occurs: ODFI & RDFI Responsibilities & Liabilities

Registration Options & Pricing

Please select your membership status.

Recorded Webinar Includes

  • Recording of the Live Webinar
  • Available 6 business days following Live date
  • Available for 6 months following Live
  • Handout and Take-Away Toolkit
  • Available on Desktop, Mobile & Tablet
  • Free Digital Download, yours to keep
  • Share link with anyone at your credit union
  • Presenter’s contact info for follow-up

9:00 am – 10:30 am HST
12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET

ACH fraud continues to increase and the losses to credit unions have been staggering. Your credit union’s responsibilities and liabilities for ACH fraud vary depending on whether it is the Originating Depository Financial Institution (ODFI) or the Receiving Depository Financial Institution (RDFI) and whether the transaction involved a consumer or business account.

Did you know that the ODFI can still be liable for an unauthorized ACH withdrawal long after the NACHA return deadlines? Although the RDFI can’t recover funds through the NACHA network by means of return entries after the return deadline, the RDFI can obtain reimbursement from the ODFI under a breach of warranty theory through other legal methods. This webinar will explain how your credit union should respond in an ACH fraud situation and the related responsibilities and liabilities. Learn how to legally recover unauthorized ACH withdrawals after the NACHA return deadlines.

Continuing Education:   Attendance verification for CE credits upon request


  • Differences between ODFIs and RDFIs
  • Your institution’s responsibilities and liabilities when acting as the ODFI versus the RDFI
  • List of return deadlines for consumer and corporate accounts under the NACHA rules
  • How to bring a breach of warranty claim against the ODFI
  • When Reg E conflicts with the NACHA rules and how to handle it
  • Mitigating the risk of loss

    • NCUA Examiner’s Guide – Automated Clearing House (ACH)
    • NACHA Bulletin relating to breach of warranty claims after return deadlines
    • Employee training log
    • Quiz you can administer to measure staff learning and a separate answer key


"ACH Rules & Responsibilities for RDFIs"
Thursday, August 2, 2018

"ACH Liabilities & Warranties for ODFIs: Reducing Your Exposure"
Tuesday, November 6, 2018


This informative session will benefit all staff involved on the deposit side, including loan operations staff and officers, tellers, service representatives, compliance officers, attorneys, and managers.


NOTE:  All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.


Spencer Fane LLP
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