ACCREDITED ACH PROFESSIONAL (AAP) PRACTICE
EXAM QUESTIONS AND ANSWERS | NEW 2025/2026
UPDATE | WITH COMPLETE SOLUTION
Reinitiated entries must be identified by 'RETRY PYMT' in the Answer - Company Entry
Description field
if an ODFI receives a letter from NACHA regarding an Originator that has exceeded the
Unauthorized Return Rate Threshold, it must respond within Answer - 10 banking days
which rule or regulations governs the processing of federal government ACH payments
Answer - title 31 code of federal regulations part 210
A consumer contacts his RDFI on October 4 claiming a TEL entry that appeared on his
September 4 statement was never authorized by him. What action should the RDFI take first
Answer - have him complete a Written statement of Unauthorized debit
when an ODFI utilizes a third-party service provider (ie sending point) in the origination
process, which party warrants the entries are authorized Answer - ODFI
Direct access is defined as Answer - An Originator or a third party that transmits ACH files
directly to an ACH Operator using a financial institution's routing number and settlement
account
, included in an ODFI's Written response to NACHA regarding an Originator who has has
exceeded a return rate threshold or level is a plan for reducing the return rate to below the
threshold and/or level within Answer - 30 calendar days of NACHS's request
which settlement is true regarding return processing in a same-day environment Answer -
RDFIs may send same day returns regardless of whether the forward item was a Same Day
Entry
A Participating DFI must keep records of all ACH entries for Answer - 6 years
inbound IAT debit transactions used to fund a beneficiary residing outside of the U.S. must
identify the ultimate beneficiary in the Answer - remittances addenda record
a reclamation entry is subordinate to claims or potential claims by which entity Answer -
Veterans Administration
SmallTown Bank has contracted with MegaBank to process its ACH files. Because of this
relationship, Smalltown Bank is exposed to Answer - Third-party risk
what is the difference between the Fedwire Funds Service and Fedwire Securities Service
Answer - Fedwire Funds is a credit/push system;Fedwire Securities is a debit/pull system.
which of the following does not govern checks and check collection Answer - regulation E
a VAN is best described as a Answer - communications network for sending and receiving
data
which of the following checks is eligible to be converted to an ARC, POP or BOC entry
Answer - consumers check in the amount of $25,000
which of the following emerging payments is considered a closed loop network Answer -
Dwolla
EXAM QUESTIONS AND ANSWERS | NEW 2025/2026
UPDATE | WITH COMPLETE SOLUTION
Reinitiated entries must be identified by 'RETRY PYMT' in the Answer - Company Entry
Description field
if an ODFI receives a letter from NACHA regarding an Originator that has exceeded the
Unauthorized Return Rate Threshold, it must respond within Answer - 10 banking days
which rule or regulations governs the processing of federal government ACH payments
Answer - title 31 code of federal regulations part 210
A consumer contacts his RDFI on October 4 claiming a TEL entry that appeared on his
September 4 statement was never authorized by him. What action should the RDFI take first
Answer - have him complete a Written statement of Unauthorized debit
when an ODFI utilizes a third-party service provider (ie sending point) in the origination
process, which party warrants the entries are authorized Answer - ODFI
Direct access is defined as Answer - An Originator or a third party that transmits ACH files
directly to an ACH Operator using a financial institution's routing number and settlement
account
, included in an ODFI's Written response to NACHA regarding an Originator who has has
exceeded a return rate threshold or level is a plan for reducing the return rate to below the
threshold and/or level within Answer - 30 calendar days of NACHS's request
which settlement is true regarding return processing in a same-day environment Answer -
RDFIs may send same day returns regardless of whether the forward item was a Same Day
Entry
A Participating DFI must keep records of all ACH entries for Answer - 6 years
inbound IAT debit transactions used to fund a beneficiary residing outside of the U.S. must
identify the ultimate beneficiary in the Answer - remittances addenda record
a reclamation entry is subordinate to claims or potential claims by which entity Answer -
Veterans Administration
SmallTown Bank has contracted with MegaBank to process its ACH files. Because of this
relationship, Smalltown Bank is exposed to Answer - Third-party risk
what is the difference between the Fedwire Funds Service and Fedwire Securities Service
Answer - Fedwire Funds is a credit/push system;Fedwire Securities is a debit/pull system.
which of the following does not govern checks and check collection Answer - regulation E
a VAN is best described as a Answer - communications network for sending and receiving
data
which of the following checks is eligible to be converted to an ARC, POP or BOC entry
Answer - consumers check in the amount of $25,000
which of the following emerging payments is considered a closed loop network Answer -
Dwolla
