Accredited ACH Professional (AAP) Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

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!

Practice this question and more.

Which addenda Type Code is used for NOCs?

The correct answer is: 98

The addenda Type Code used for Notifications of Change (NOCs) is 98. NOCs are important components of the Automated Clearing House (ACH) network, as they notify the originating financial institution about changes in the account information of the receiver. When an entry is returned as a NOC, the addenda record (Type Code 98) provides essential details about the specific changes, such as updated account numbers or routing numbers. This process helps ensure that future transactions can be processed correctly without interruptions caused by outdated information. Understanding the function and correct usage of addenda Type Code 98 is crucial for professionals in the ACH network, as it underlines the importance of maintaining accurate account information for all parties involved in transactions.