Accredited ACH Professional (AAP) Practice Exam

Question: 1 / 400

What is the minimum time allowed for an RDFI to verify a valid account number?

Immediately

The minimum time allowed for a Receiving Depository Financial Institution (RDFI) to verify a valid account number is indeed immediate. This reflects the principle that RDFIs should take prompt action to verify account details as quickly as possible. Immediate verification supports efficient processing of transactions and enhances the reliability of the ACH network by ensuring that funds are accurately directed to the correct accounts without unnecessary delays.

Verification is a critical step in the ACH process since incorrect account numbers can lead to failed transactions or misdirected funds. While there may be procedures in place that allow for additional time to complete various aspects of confirming account details, the emphasis on immediate verification underlines the importance of ensuring the integrity and speed of the ACH transactions.

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Within 1 banking day

Within 2 banking days

Within 3 banking days

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