ACH AAP STUDY GUIDE | 120 QUESTIONS AND ANSWERS | 2026 UPDATE | WITH
COMPLETE SOLUTION
R37 - (ANSWER)Reason code used by RDFI when the source document for an ARC has been presented
for payment
2 times - (ANSWER)How many times can ODFI reinitiate a POP transaction when it is returned for either
R01(insufficient funds) or R09 (uncollected funds)
1. Manually post the entry
2. Manually post the entry and initiate a Notification of Change (NOC)
3. Return the entry - (ANSWER)What can RDFI do with an entry that does not post?
Settlement Date - (ANSWER)NOT a field minimally included in the File Acknowledgment Entry from the
ACH Operator for each file that was not rejected by the ACH Operator
A required field - (ANSWER)What must be included by the ODFI or the file will be rejected by the ACH
Operator
CTX (corporate trade entry)
CCD (corporate credit or debit entry) - (ANSWER)Standard Entry Class codes that can be used for non-
monetary payments
CIE (Customer Initiated Entry) - (ANSWER)Credit only application, associated with home banking
ATX (Financial EDI Acknowledgement) - (ANSWER)Acknowledgment of receipt of a corporate credit
payment originated using the CTX format
POS (Point of Sale) - (ANSWER)Debit entry initiated at an electronic terminal as defined by Reg E to
effect a transfer of funds from a consumer account to pay an obligation incurred in a point of sale
transaction
, ACH AAP STUDY GUIDE | 120 QUESTIONS AND ANSWERS | 2026 UPDATE | WITH
COMPLETE SOLUTION
MTE (Machine Transfer Entry) - (ANSWER)Debit or credit Entr to transfer funds to or from the
consumers account, initiated at an electronic terminal as defined by Reg E
The Monetary Control Act of 1980 - (ANSWER)Legislation that encouraged private sector ACH Operators
to compete with the Federal Reserve
"Initiated by a person other than the consumer, without actual authority to initiate such transfer from
which the consumer receives no benefit - (ANSWER)According to Reg E, what best describes the
following: "unauthorized EFT"
The Routing number - (ANSWER)NOC is to provide the correct data to an Originator so they can change
what
1. Statement of damages
2. Summary of facts
3. Application fee - (ANSWER)To initiate an Arbitration proceeding between DFIs, a compliant must
contain what items
1. Reduced costs
2. Acceleration of the recovery process
3. Reduction of potential losses due to delays in presentment - (ANSWER)Advantages of using ACH for
collection of destroyed or lost checks
when a Financial Institution employee who handles benefit payments is informed or made aware, or
when it would have been brought to the employee's attention
**Receipt of DNE is not required - (ANSWER)In the reclamation process, when does RDFI have
knowledge of the death of a recipient
Originator Status Code - (ANSWER)What code designates whether an item has been originated by the
Federal Government
COMPLETE SOLUTION
R37 - (ANSWER)Reason code used by RDFI when the source document for an ARC has been presented
for payment
2 times - (ANSWER)How many times can ODFI reinitiate a POP transaction when it is returned for either
R01(insufficient funds) or R09 (uncollected funds)
1. Manually post the entry
2. Manually post the entry and initiate a Notification of Change (NOC)
3. Return the entry - (ANSWER)What can RDFI do with an entry that does not post?
Settlement Date - (ANSWER)NOT a field minimally included in the File Acknowledgment Entry from the
ACH Operator for each file that was not rejected by the ACH Operator
A required field - (ANSWER)What must be included by the ODFI or the file will be rejected by the ACH
Operator
CTX (corporate trade entry)
CCD (corporate credit or debit entry) - (ANSWER)Standard Entry Class codes that can be used for non-
monetary payments
CIE (Customer Initiated Entry) - (ANSWER)Credit only application, associated with home banking
ATX (Financial EDI Acknowledgement) - (ANSWER)Acknowledgment of receipt of a corporate credit
payment originated using the CTX format
POS (Point of Sale) - (ANSWER)Debit entry initiated at an electronic terminal as defined by Reg E to
effect a transfer of funds from a consumer account to pay an obligation incurred in a point of sale
transaction
, ACH AAP STUDY GUIDE | 120 QUESTIONS AND ANSWERS | 2026 UPDATE | WITH
COMPLETE SOLUTION
MTE (Machine Transfer Entry) - (ANSWER)Debit or credit Entr to transfer funds to or from the
consumers account, initiated at an electronic terminal as defined by Reg E
The Monetary Control Act of 1980 - (ANSWER)Legislation that encouraged private sector ACH Operators
to compete with the Federal Reserve
"Initiated by a person other than the consumer, without actual authority to initiate such transfer from
which the consumer receives no benefit - (ANSWER)According to Reg E, what best describes the
following: "unauthorized EFT"
The Routing number - (ANSWER)NOC is to provide the correct data to an Originator so they can change
what
1. Statement of damages
2. Summary of facts
3. Application fee - (ANSWER)To initiate an Arbitration proceeding between DFIs, a compliant must
contain what items
1. Reduced costs
2. Acceleration of the recovery process
3. Reduction of potential losses due to delays in presentment - (ANSWER)Advantages of using ACH for
collection of destroyed or lost checks
when a Financial Institution employee who handles benefit payments is informed or made aware, or
when it would have been brought to the employee's attention
**Receipt of DNE is not required - (ANSWER)In the reclamation process, when does RDFI have
knowledge of the death of a recipient
Originator Status Code - (ANSWER)What code designates whether an item has been originated by the
Federal Government
