Accredited ACH Professional (AAP) Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the Accredited ACH Professional Exam. Use flashcards and multiple-choice questions, with hints and explanations for each. Ensure exam success!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What is the standard return deadline for ACH entries?

1 Banking Day
2 Banking Days
3 Banking Days
5 Banking Days

The correct answer is: 2 Banking Days

The standard return deadline for ACH entries is established as two banking days. This rule applies to the majority of ACH transactions, allowing institutions the necessary time to review and process returns that are initiated by the receiving bank. The two-business-day window provides ample opportunity for any errors, unauthorized transactions, or discrepancies to be reported and acted upon, effectively enhancing the security and accuracy of ACH operations. This return timeframe is crucial because it ensures that transactions can be adjusted or reversed in a timely manner, while still allowing sufficient processing time for financial institutions involved in the transaction. Additionally, it aligns with various regulatory guidelines to maintain consumer protection standards. Therefore, understanding this two-day return deadline is essential for professionals in the ACH network, ensuring compliance and effective transaction management.