Accredited ACH Professional (AAP) Practice Exam

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How long does the ODFI have to send an RDFI a copy of the Receiver's authorization upon written request?

5 banking days
10 banking days
15 banking days
30 calendar days

The correct answer is: 10 banking days

The ODFI (Originating Depository Financial Institution) is required to send a copy of the Receiver's authorization to the RDFI (Receiving Depository Financial Institution) within 10 banking days upon receiving a written request. This timeframe is established to ensure that the RDFI can respond to inquiries, resolve disputes, or confirm authorization within a reasonable period. By having a set limit of 10 banking days, the NACHA Operating Rules promote efficiency and ensure that all parties involved in the ACH transaction process can maintain a high level of customer service. In contrast, options like 5 banking days or 15 banking days do not align with the established NACHA guidelines, which clearly stipulate the 10-day period, while the 30 calendar days option is outside the frame of banking days and includes non-banking days, thus making it an inappropriate choice as well.