The New ACH Rules on Prenotification & Micro-Entries

Audit & Accounting Compliance Operations

On-Demand Webinar

StreamedMay 19, 2022Duration60 minutes

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

See Registration Options

Expect to see more and more growth in the number of prenotes and micro-entries.

Join us to learn the implications, rights, and requirements under Nacha’s new rules, including initiation, handling, and exceptions.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Define a micro-entry according to the Nacha rules
Understand your obligations for using micro-entries to validate accounts
Explain the account validation options
Deal with exceptions correctly
Distinguish between proper and improper usage of micro-entries

This course is eligible for 1.8 AAP/APRP credits.

WEBINAR DETAILS

With Nacha's new WEB debit account validation rule in place, and the recent passage of related micro-deposits rules, RDFIs can expect to see an increase in the number of micro-entries and prenotes. Do you know your institution’s rights and obligations? This session will explore the proper initiation and handling of micro-entries and prenotes. Properly handling these items can help to reduce the number of future exception items and reduce headaches. This session will cover:

Definition of micro-entries and prenotes
Appropriate uses of micro-entries and prenotes
Returning micro-entries and prenotes

WHO SHOULD ATTEND?

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

TAKE-AWAY TOOLKIT

One-page quick reference guide on micro-entries
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.