WHO SHOULD ATTEND? 

Whether you’re just starting out or need a refresher, this session is tailored for deposit and operations staff to provide you with the knowledge and confidence to effectively manage ACH transactions in your daily work.

WHAT YOU WILL LEARN 

• What is ACH: An overview of the ACH Network, its role in the financial system, and how it facilitates electronic payments

• Types of ACH Transactions: Understand the difference between ACH credits and debits, and how each type is used in everyday banking operations

• ACH Participants: Get to know the key players in the ACH process, including Originating Depository Financial Institutions (ODFIs), Receiving Depository Financial Institutions (RDFIs), and third-party service providers

• The ACH Payment Cycle: Learn the step-by-step process of how ACH transactions are initiated, processed, and settled

• Common ACH Applications (aka SEC Codes): Explore practical examples of ACH transactions, such as direct deposit, bill payments, and business-to-business transfers

• Compliance Basics: Gain an understanding of the essential compliance requirements and risk management practices associated with ACH transactions

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