ACH Receiving 101

Eric Wester Eric Wester

ACH expert Eric Wester will explain the responsibilities of financial institutions that receive ACH transfers. You will learn how to handle both routine and complex transactions.

Topics Covered

  • What are the responsibilities of receiving financial institutions?
  • How are SEC codes used?
  • What does ACH file content reveal? How is it formatted?
  • How should you handle exceptions?
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$224.00
$224.00
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INFORMATION
Training Overview

You will receive more ACH payments in 2024! Master receiving requirements and procedures.

As ACH use accelerates, your institution will likely receive more payments through the network this year than ever before.

 

Receiving ACH transfers requires much more than sitting idly by and waiting for funds to appear in your clients’ or members’ accounts. You must understand how to handle exceptions, use standard entry class (SEC) codes, and complete transaction flows.

  • What are the responsibilities of receiving financial institutions?
  • How are SEC codes used?
  • What does ACH file content reveal? How is it formatted?
  • How should you handle exceptions?

We are offering the ACH Bootcamp: A 5-Part Series here.

Recommended Audience
Who Should Attend?
  • ACH operations staff
  • Operations managers
  • Operations training staff
  • Backup operations staff
  • Internal auditors
  • Deposit compliance staff
  • Professionals at financial institutions who interact with third-party senders
What's included
Training includes
  • Certificate of Attendance
  • All resources and training materials
  • This session is a part of the ACH Bootcamp: A 5-Part Series.
Eric Wester
About

Expert Presenter

Eric Wester
  • Associate Director of Education Services at UMACHA
  • Over a decade of banking experience
  • Former Operations Payment Managing Officer at a regional bank, overseeing all aspects of ACH processing, including oversight of the origination and receipt ACH functions
  • AAP (Accredited ACH Professional)
  • APRP (Accredited Payments Risk Professional)
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