ACH Return Reason Codes: Commonly Used & Misused Codes
On-Demand Webinar:
StreamedSep 12, 2023Duration90 minutes
- Unlimited & shareable access starting two business days after live stream
- Available on desktop, mobile & tablet devices 24/7
- Take-away toolkit
- Ability to download webinar video
- Presenter's contact info for questions
Would it surprise you to know there are almost six dozen ACH return reason codes?
With 70
codes in play, are you sure you are using (not misusing) the right ones? What
timeframes and documents are involved? What about unusual timeframes that don’t
fit into the standard or extended timeframes? Improve your accuracy and
efficiency with this detailed, insightful webinar.
AFTER
THIS WEBINAR YOU’LL BE ABLE TO:
- Use the most appropriate return reason code to process ACH returns
- Identify the return reason codes for consumer versus non-consumer ACH entries
- Amend your institution’s procedures to include the requirements of a written statement of unauthorized debit (WSUD) for applicable return reason codes
- Explain the process for dishonored and contested/corrected dishonored returns
- Understand the general return timeframe and the extended return timeframe, as well as other timeframes applicable to ACH returns
This course
is eligible for 1.8 AAP/APRP credits.
WEBINAR DETAILS
With 70 different return reason codes used by the
ACH Network, assigning the most appropriate one can be challenging. Which
return reason codes require a WSUD? How many days are there to process a
return? What about the return reason codes with unusual timeframes that don’t
fall into the standard or extended return timeframes? This session will answer
all these questions and more, including an overview of dishonored returns,
contested dishonored returns, and returns that are processed by the ACH
operator or gateway.
WHO SHOULD ATTEND?
This session is ideal for
both treasury management operations and ACH operations staff who are newer to
their role, or more experienced staff wanting a refresher on the fundamentals
of return reason codes.
TAKE-AWAY TOOLKIT
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
NOTE: All materials are subject to copyright. Transmission, retransmission,
or republishing of any webinar to other institutions or those not employed by
your institution is prohibited. Print materials may be copied for eligible
participants only.
Presented By
UMACHA
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