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Rich Moldenhauer
Flagship Bank Minnesota

 
 
ACH Origination Agreement
Contributed by:SVP‚ Compliance/BSA/Legal
Asset size: Bank with under $250m
Location: Midwest
Description: This updated ACH Agreement incorporates recent rules changes, including authorization requirements, IAT processing, right to audit, etc.

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MORE PEER CONTRIBUTED DOCUMENTS:

97 Documents 45 Answers 35 Exam Watches 61 Vendor Reviews

ACH Origination Agreement
Asset size: with over $1b
Description: This ACH Origination agreement is 13 pages long, and was reviewed in 12/10 in our operations compliance audit.
ACH Policy
Asset size: with between $250m - $500m
Description: This is a sample ACH policy including overview, implementation, product offerings, alternatives for input media, origination pricing, processing, acceptance, timing, disclosure information, etc.
ACH Agreement (Sample)
Asset size: with under $250m
Description: A sample ACH Origination Agreement that our bank has used. It contains exhibits for contact information, authorized personnel, and pricing. This document is provided for information purposes only. It is not intended as legal advice. You may wish to consult with legal counsel before using any document or agreement for your particular situation. No legal advice is given or intended by uploading this document for your review.


RELATED QUESTIONS AND ANSWERS:
Q
Looking for a sample ACH agreement for consumer customers that use ACH through internet banking
Asked by: AVP,‚ Back Office/Deposit Operations
Asset size: Bank with
Location:MN

We recently changed bill pay providers and approximately 70 of our customers could no longer use electronic payment to pay certain bills. We have set up ACH templates for them in internet banking so they can still make electronic payments. Our ACH audit just finished and the auditor recommended we have these customers sign a one-page agreement for this service, along with setting up limits for their payments. We don't want to use our commercial ACH agreement. Does anyone else do this and do you have sample verbiage? Thanks!
A
Answered by:CIO, ‚ Technology
Asset size: Bank with under $250m
Location: TX

Depending on what the auditor wants, you could probably take the standard NACHA rules deb...
Q
Do you require customers to send a follow-up FAX when submitting ACH batches?
Asked by: VP,‚ Back Office/Deposit Operations
Asset size: Bank with
Location:ND

What steps do you require your Cash Management customers to follow when submitting online wires or ACH batches? We have multi-factor authentication plus secure tokens and dual control. Does anyone require the customer to send a fax along with all the other required security? Or, do you consider the addition of Tokens enough security to discontinue the followup fax?
A
Answered by:Risk Management
Asset size: Bank with between $250m - $500m
Location: MN

We do not require that the client communicate with us regarding their ACH files. We use M...


RELATED EXAM EXPERIENCES:
FRB - IT | April 2011
exam experience posted by a VP‚ Marketing from member with under $250m in assets
If we had attorneys review our RDC Agreements as well as our ACH Origination Agreements.
FDIC - IT | July 2011
exam experience posted by a President‚ President from member with under $250m in assets
Full scope exam on Remote Deposit Capture.
State Regulatory - IT | May 2011
exam experience posted by a CTO‚ Technology from member with under $250m in assets
To supply copies of Reg GG Letters that were sent to customers.

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