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 soon must an RDFI provide payment-related information to a non-consumer Receiver upon request?

1 banking day
2 banking days
5 banking days
10 calendar days

The correct answer is: 2 banking days

The requirement for a Receiving Depository Financial Institution (RDFI) to provide payment-related information to a non-consumer Receiver is set at a timeframe of 2 banking days after the request is made. This regulation is important for enhancing transparency and accountability in ACH transactions, allowing non-consumer Receivers, such as businesses, to have timely access to relevant transaction details for their financial records and reconciliation purposes. Understanding this timeframe helps ensure that RDFIs maintain compliance with the NACHA Operating Rules and are able to provide adequate support to their non-consumer clients. The distinction between banking days and calendar days is crucial, as banking days refer to the days when financial institutions are open for operations, which can impact the actual time taken to deliver the information. Thus, adhering to the 2 banking days requirement ensures that RDFIs meet their obligations promptly while also fostering better relationships with their clients.