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!

Practice this question and more.

Which of the following describes a Trace Number in an ACH file?

A 10-digit numeric identifier for ACH transactions
A 15-digit code identifying each entry, starting with the routing number
A unique code for tracking bank employees
An identification number for bank branches

The correct answer is: A 15-digit code identifying each entry, starting with the routing number

A Trace Number in an ACH file is indeed described as a unique 15-digit code that identifies each entry within an ACH transaction, starting with the routing number. This structure allows for effective tracking of transactions as they flow through the Automated Clearing House network. Each part of the Trace Number serves a specific purpose. The first eight digits represent the routing number of the receiving financial institution, ensuring that transactions can be properly directed. The following seven digits are unique to the specific transaction, allowing financial institutions to differentiate among numerous transactions they may process. This unique identification is essential for reconciling records and tracking entries efficiently, which aids both financial institutions and their clients in confirming and referencing specific transactions. Understanding the role of the Trace Number is vital for anyone working in the ACH arena, highlighting its importance in transaction integrity and traceability.