Accredited ACH Professional (AAP) Practice Exam

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Prepare for the Accredited ACH Professional (AAP) Exam with tailored questions and study materials to enhance your understanding of ACH transactions and operations. Test your skills and readiness for this important certification!

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How long does the ODFI have to send an RDFI a copy of the Receiver's authorization upon written request?

5 banking days
10 banking days
15 banking days
30 calendar days

The correct answer is: 10 banking days

The ODFI (Originating Depository Financial Institution) is required to send a copy of the Receiver's authorization to the RDFI (Receiving Depository Financial Institution) within 10 banking days upon receiving a written request. This timeframe is established to ensure that the RDFI can respond to inquiries, resolve disputes, or confirm authorization within a reasonable period. By having a set limit of 10 banking days, the NACHA Operating Rules promote efficiency and ensure that all parties involved in the ACH transaction process can maintain a high level of customer service. In contrast, options like 5 banking days or 15 banking days do not align with the established NACHA guidelines, which clearly stipulate the 10-day period, while the 30 calendar days option is outside the frame of banking days and includes non-banking days, thus making it an inappropriate choice as well.