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 calendar days does an RDFI have to return a consumer debit transaction as Revoked or Unauthorized?

30 calendar days
45 calendar days
60 calendar days
90 calendar days

The correct answer is: 60 calendar days

The effective time frame for an RDFI (Receiving Depository Financial Institution) to return a consumer debit transaction marked as Revoked or Unauthorized is 60 calendar days. This time limit is stipulated by the NACHA Operating Rules and applies specifically to consumer accounts. When a consumer claims that a debit transaction was not authorized, or has been revoked, the RDFI must act swiftly to address this claim. The 60-day window allows the RDFI to investigate the claim and decide whether the conditions for returning the transaction are satisfied. This structure ensures consumers have recourse in disputes over unauthorized debits while providing a reasonable period for financial institutions to manage the process. The other options represent incorrect return windows, which do not align with the standard rules governing disputes for unauthorized or revoked transactions in the ACH network.