- Study guides, Class notes & Summaries

Standard Entry Class Code Ans: Three-character code used to identify various types of entries ACK Ans: ACH Payment Acknowledgment (Non-Monetary Entry initiated by RDFI to provide acknowledgment of receipt of a corporate credit originated using CCD format) ADV Ans: Automated Accounting Advice (Non-Monetary Entry used to provide accounting information Optional service provided by ACH Operators) ARC 2 | Page Ans: Accounts Receivable Entry (Single entry de...

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9 pages

Written in 2024/2025

Grade A+

Expert1

Reason code used by RDFI when the source document for an ARC has been presented for payment Ans: R37 How many times can ODFI reinitiate a POP transaction when it is returned for either R01(insufficient funds) or R09 (uncollected funds) Ans: 2 times What can RDFI do with an entry that does not post? Ans: 1. Manually post the entry 2. Manually post the entry and initiate a Notification of Change (NOC) 3. Return the entry 2 | Page NOT a field minimally includ...

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32 pages

Written in 2024/2025

Grade A+

Expert1

Ach Aap Study Guide Updated Actual Exam Questions And Correct Answers

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19 pages

Written in 2026/2027

Grade A+

FocusFile7

ACH Questions and Correct Answers/ Latest Update / Already Graded

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3 items

Expert1

AAP Questions and Correct Answers/ Latest Update / Already Graded

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6 items

Expert1

What does not provide legal framework for the check payment process? Ans: Reg D Part 210 of 31 Code of Federal Regulations (CFR) provides rules: Ans: Governing federal government payments made by the ACH method On 9/12, a business customer advises your RDFI that an unauthorized CCD debit of $55,000 was posted to his account on 9/3. What should you do? Ans: Begin the R31 Process 2 | Page Which of the following personnel practices will reduce risk of fraud i...

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55 pages

Written in 2024/2025

Grade A+

Expert1

Ach Certification 2024 Exam Verified 100% Correct!!

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10 pages

Written in 2023/2024

Grade A+

EvaTee