AAP Returns, Reversals, and Adjustments

Question 1

What is the return timeframe for an RDFI to return an unauthorized consumer debit entry using return code R10?

Accepted Answer

60 calendar days from the settlement date of the original entry

Answer

R10 (Customer Advises Not Authorized) has a 60 calendar-day extended return window, reflecting consumer protection rights for unauthorized debits.

Question 2

Return code R01 indicates:

Accepted Answer

Insufficient funds in the Receiver's account

Answer

R01 (Insufficient Funds) means the Receiver's account did not have enough available funds to cover the debit entry at the time of posting.

Question 3

Return code R02 means:

Accepted Answer

The Receiver's account has been closed

Answer

R02 (Account Closed) indicates that the account number matched an account that has since been closed and can no longer receive entries.

Question 4

For most standard return reasons, an RDFI must return an ACH entry within how many banking days of the settlement date?

Accepted Answer

2 banking days

Answer

The standard return timeframe under NACHA rules is 2 banking days from the settlement date of the original entry.

Question 5

A Notification of Change (NOC) is sent by an RDFI when:

Accepted Answer

Account information has changed but the entry was still successfully posted

Answer

An NOC is sent when the RDFI posts an entry successfully but detects that certain account information (e.g., account number or routing number) needs to be corrected for future entries.

AAP - Accredited ACH Professional Practice Test

AAP - Accredited ACH Professional Practice Test

AAP Returns, Reversals, and Adjustments