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 many banking days does the ODFI have to provide NOC or corrected NOC information to the Originator?

1 banking day
2 banking days
3 banking days
5 banking days

The correct answer is: 2 banking days

The timeframe for providing Notice of Change (NOC) or corrected NOC information to the Originator is set to 2 banking days. This requirement allows the ODFI (Originating Depository Financial Institution) to ensure that the Originator is promptly informed of any necessary changes to the transaction details while also maintaining efficient processing of ACH transactions. By adhering to this 2 banking day rule, the ODFI helps prevent potential issues with transactions that could arise from outdated or incorrect information. This is crucial for maintaining accuracy and trust in the ACH network, promoting smooth operations that benefit all parties involved in the transaction process. Other options suggest either a shorter or longer timeframe, which does not align with the established rules governing the ACH network. The 2 banking days provide a balance that is both practical and necessary for the accuracy of ACH transactions.