Proper Handling of Government Reclamations & Garnishments

Collections Compliance Frontline & New Accounts Human Resources Lending Operations Security & Fraud ACH & Card Services

On-Demand Webinar

StreamedSep 3, 2024Duration90 minutes

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

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There are ACH rules and then there are the government’s ACH rules. Do you know the differences?

Are you properly managing government ACH reclamations and garnishments on accounts depositing federal benefits via ACH? What about Death Notification Entries? Join us to learn how federal government rules differ from ACH rules and how missteps can cause considerable losses for your institution.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Understand the ACH rules followed by the federal government
Explain the purpose of a Death Notification Entry (DNE)
Identify when garnishment is allowed for accounts receiving federal government benefit payments
Explain which return reason code to use after death
Describe the difference between full and limited liability

This course is eligible for 1.8 AAP/APRP credits

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WEBINAR DETAILS

The federal government operates by their own set of rules for ACH payments. Therefore, improper handling of DNEs, government reclamations, and garnishments can expose financial institutions to potentially significant dollar losses.

This session will cover the proper procedures for handling ACH government reclamations and the garnishment of accounts receiving federal ACH benefit payments. It will provide insight into how federal government payment rules differ from ACH rules and provide peace of mind that you will have all the right answers when questions arise.

WHO SHOULD ATTEND?

This informative session is designed for ACH operations staff, AAP and APRP candidates, and audit and compliance staff.

TAKE-AWAY TOOLKIT

Government payments quick reference cards (electronic)
Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.