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ACH Payment & Deposit

ACH Rules
The National Automated Clearing House Association (NACHA) Operating Rules provide the legal foundation for the ACH Network. Rules and guidelines are established for all participants in the ACH system, outlining responsibilities and time frames for action.

ACH Rules Online

ACH Rules News and Operations Bulletin (NACHA)

ACH Rules Current Initiatives (NACHA)

ACH Rule Making Process (NACHA) 

BSA Regulations

USA Patriot Act

The Green Book
The Green Book is a detailed operations manual for processing Federal Government transactions. To view or download a current copy, visit the U.S. Treasury, Financial Management Service (FMS) website at http://fms.treas.gov/greenbook/downloads.html.

Regulation E
A regulation developed by the Federal Reserve Board of Governors in order to ensure consumers of a minimum level of protection in disputes arising from electronic funds transfers. Regulation E establishes the basic rights, liabilities, and responsibilities of consumers who use electronic money transfer services and of financial institutions that offer these services. This regulation is intended to carry out the purposes of the act, including, primarily, the protection of individual consumers engaging in electronic transfers.  Regulation E is no longer printed in the ACH Rule Book but can be found online by clicking on the following link. 

Regulation E

Uniform Commercial Code
The comprehensive body of state law governing commercial transactions, including sales of goods, commercial paper, bank deposits and collections, letters of credit, bulk transfers, warehouse receipts, bills of lading, investment securities and secured transactions. Articles 3 and 4 cover check transactions. Article 4A covers certain funds transfers, including ACH credit transactions not subject to the EFTA or Regulation E. Article 4A is not effective in any state until enacted by the legislature of that state.

Uniform Commercial Code (UCC), Articles 1-9

Regulation D
Under the authority of the Federal Reserve Act, its purpose is to specify the requirements associated with reserves that depository institutions must maintain at Federal Reserve Banks. Regulation D provides specific definitions and guidelines regarding what constitutes a financial institution's "deposits" for reserve calculations.

Regulation D differentiates between "transaction accounts," which include checking and other demand accounts and NOW accounts, and "time deposits," which include money market deposit accounts and other savings accounts. Time deposits are not currently subject to reserve requirements. To qualify as a time deposit, the deposit must satisfy certain withdrawal limitations, including withdrawals by ACH transfer. Financial institutions must ensure that no more than the six (6) permitted withdrawals or transfers are made for a specific type of time deposit account.