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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What is the deadline for the RDFI to transmit Contested Dishonored or Corrected Returns?

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

The correct answer is: 2 Banking Days

The deadline for the Receiving Depository Financial Institution (RDFI) to transmit Contested Dishonored or Corrected Returns is indeed two banking days following the date of the return. This requirement ensures that all parties involved have a clear timeline for addressing returned entries, helping to maintain the efficiency and integrity of the ACH network. The two-day window allows the RDFI to process the return and resolve any disputes or errors related to it while adhering to the operational standards set forth by NACHA (the National Automated Clearing House Association). By having a defined timeframe, RDFIs are prompted to act promptly, which benefits the overall transaction lifecycle, aids in customer service efforts, and facilitates quicker resolutions to potential disputes in the ACH system. Understanding this timeline is essential for anyone involved in the ACH process, ensuring compliance and effective management of returned payments.