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Is ACH Governed like a Wire Transfer?

Question: 
Is ACH governed like a wire transfer? What electronic transfers methods are NOT regulated?
Answer: 

ACH transactions are governed by NACHA rules and Regulation E. Regulation E explicitly indicates it does not cover wire transfers.

Wire transfers are governed by state law, UCC Article 4A.

First published on BankersOnline.com 2/27/12

First published on 02/27/2012

Filed under: 
Compliance
Filed under compliance as: 
ACH
IT
NACHA
Transfers
UCC
Wire Transfers

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