Introduction
The 2023 ACH audits conducted by NPG revealed key compliance pitfalls that financial institutions must address to avoid risk, fines, and operational inefficiencies. Among the most significant issues identified are:
Findings:
- Failing to Audit
- Third-Party Oversight
- ACH TrainingRisk Assessments
- Incomplete Agreements
- NOCs
- WSUDs
- Return Reason Codes
- DNEs
- Same Day ACH
Click the icon to download the 10 Common ACH Pitfalls to Avoid