Past NACHA Rule Updates
2022
The following is a summary of changes coming in 2022:
- March 18, 2022 -Increasing the Same Day ACH Dollar Limit to $1 million per transaction
- June 30, 2022- Supplementing Data Security requirements to include protecting account numbers used in origination expands to non-financial institution originators originating 2 million or more transactions annually.
- September 16, 2022-Micro Entries debit and credits must settle on the same day, Originators must use ACCTVERIFY in the company entry description field and the Company name must be easily recognizable. Phase 2 is effective March 17, 2023, Originators must use commercially reasonable fraud detection which monitors forward and return Micro Entry volumes.
- September 30, 2022-Updates to the Third Party Sender roles and responsibilities which includes addressing nested Third Party Senders and clarifying the requirement that a Third Party Sender conduct a risk assessment.
To request a copy or to access the NACHA rules directly, please visit the NACHA site.
2021
The following is a summary of NACHA rule changes that went into effect in 2021:
- Enforcement rule change defines an egregious violation within the context of rules enforcement.
- Same day ACH processing extended two additional hours each banking day.
- All originating ACH transactions containing the standard entry class code WEB additional screening requirements.
- Starting in 2021, fees will be assessed for ACH returns containing the return code R11.
- All ACH participating financial institutions are required to maintain the contact registry with NACHA.
- Supplementing Data Security requirement expands to include protecting account numbers used in origination.
- Rule regarding reversals of files or entries will specifically state what is permissible.
To request a copy or to access the NACHA rules directly, please visit the NACHA site.