2025/2026
ACH AAP Study Guide
questions and answer
latest update 2025/2026
USER
[COMPANY NAME]
,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
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
Reg J - ✔✔answer What addresses the collection of checks by the Federal Reserve System
, Remotely created check - ✔✔answer Drawn on a consumer account, is not created by the payor bank
and does not include a drawer signature
Be an RDFI - ✔✔answer If a Financial Institution wants to be an ODFI, it must also
Commercial ACH payments - ✔✔answer NACHA Operating Rules primarily applies to
Originator and Receiver - ✔✔answer When a consumer signs an authorization for PPD debits, who is
required to receive and retain copies
5 banking days - ✔✔answer Reversal entries must be made available to the RDFI within how many days
of the Settlement Date of the Entry to be reversed
1. Safety
2. Convenience
3. Confidentiality - ✔✔answer Benefits of Direct Deposit via ACH of payroll and pension
TEL (telephone initiated entry): primarily used for past due payments, payment of utility bills & catalog
purchases - ✔✔answer What would be the most simple solution for a financial institution looking for a
way to collect loan payments before the customer is delinquent
ENR (Automated Enrollment Entries) - ✔✔answer 1. May be initiated by any financial institution
2. Can be accepted by some federal governments agencies
3. Are accepted by the Social Security Administration
1. Reduce food stamp fraud
2. Allows multiple programs to use the card - ✔✔answer Benefits of the EBT (Electronic Benefits
Transfer)
ACH AAP Study Guide
questions and answer
latest update 2025/2026
USER
[COMPANY NAME]
,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
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
Reg J - ✔✔answer What addresses the collection of checks by the Federal Reserve System
, Remotely created check - ✔✔answer Drawn on a consumer account, is not created by the payor bank
and does not include a drawer signature
Be an RDFI - ✔✔answer If a Financial Institution wants to be an ODFI, it must also
Commercial ACH payments - ✔✔answer NACHA Operating Rules primarily applies to
Originator and Receiver - ✔✔answer When a consumer signs an authorization for PPD debits, who is
required to receive and retain copies
5 banking days - ✔✔answer Reversal entries must be made available to the RDFI within how many days
of the Settlement Date of the Entry to be reversed
1. Safety
2. Convenience
3. Confidentiality - ✔✔answer Benefits of Direct Deposit via ACH of payroll and pension
TEL (telephone initiated entry): primarily used for past due payments, payment of utility bills & catalog
purchases - ✔✔answer What would be the most simple solution for a financial institution looking for a
way to collect loan payments before the customer is delinquent
ENR (Automated Enrollment Entries) - ✔✔answer 1. May be initiated by any financial institution
2. Can be accepted by some federal governments agencies
3. Are accepted by the Social Security Administration
1. Reduce food stamp fraud
2. Allows multiple programs to use the card - ✔✔answer Benefits of the EBT (Electronic Benefits
Transfer)
