Warranties and Liabilities in the ACH Network

Answered by:

Question:

Aren’t ODFIs responsible for everything in the ACH Network?

Answer:

No. RDFIs can take on liability in their daily handling of transactions; for example, if returns are not timely or if they mishandle an exception, the RDFI can become liable. Other participants, like Third-Party Senders, take on liability by contract with the ODFI.
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Learn more about Rayleen Pirnie’s webinar ACH 101: A Primer for Every Bank Employee