In using the ACH Network, an Originator is bound by the NACHA Rules. Please visit https://www.achrulesonline.org/ for options to access the Rules. The Basic User provides limited online access to the basic NACHA Operating Rules in read-only format and is free of charge. While the Premium User requires a fee, there is broader online access, with the ability to purchase the Rules book directly from NACHA.
 

  • 2017 NACHA Rules

    Effective 9/29/17, Valley National Bank, as an Originating Depository Financial Institution (ODFI), is required to register with NACHA its Third-Party Senders and any Nested Third-Party Senders.

    The Registration process will provide NACHA with an improved scope of the population of Third Party Senders. The quality of the ACH Network can be enhanced with a Registration process that provides consistent customer due diligence among the ODFIs.

    Initial basic information that is furnished includes: corporate name, principal business location, routing number, and company identification number. If NACHA seeks additional information, we are required to comply with the request.

    When NACHA believes that a Third-Party Sender (or Nester) poses an escalated risk, additional information may be required and requested from the bank. NACHA would request such information when they believe there is a risk of:

    • Financial loss to one or more Participating DFI’s, Receivers, or Originators
    • Violation of the Rules or applicable laws
    • Excessive Returns
  • 2018 ACH Calendar