ACH Reclamations & Garnishments

When an account holder passes away, financial institutions must navigate important compliance obligations and potential liability related to post-death benefit payments. This session will examine your responsibilities under the ACH Rules and 31 CFR Part 210, including when action is required following a notification of death and whether post-death payments must be returned or can be addressed through the reclamation process. Gain a clear understanding of how liability differs by payment type and learn practical strategies to minimize risk. We’ll also cover the implications of signing a Master Agreement and review which payments are exempted from garnishment, providing the knowledge you need to confidently handle these complex situations.