WASHINGTON (8/18/15)--Several new changes to automated clearing house (ACH) rules will take effect in September, including changes to the Federal Reserve’s FedACH services.
These rule changes will be implemented throughout September, with the FedACH changes kicking it all off on Sept. 1. At that time, FedACH will no longer call customers when files are pending. Customers will be able to monitor file status throughout the day, and FedACH Central Operations Support can be contacted with instructions to either release or reject a pending file.
Any pending files remaining at the end of each day will be automatically rejected.
A number of other rule changes will be implemented in order to reflect changes approved by the membership of NACHA-The Electronic Payments Association.
Effective Sept. 18, the following NACHA-approved changes will take effect:
More information on the changes can be found in this month’s FedFlash newsletter.