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Understanding Automated Clearing House ACH
Individual Licence (EUR 60)
$69.00
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Understanding Automated Clearing House ACH
$69.00
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Choose 5 or 10 licences to purchase access for multiple learners at a reduced per-person rate. After purchase, eBSI will contact you to confirm the learner details and arrange course access for each participant.
Develop practical knowledge and confidence in Understanding Automated Clearing House ACH.
This course will introduce the learner to the use and purpose of the Automated Clearinghouse (ACH). Additionally, the course will discuss the particular roles and duties of participants and users inside the ACH system. Upon completion of this course, the learner will have a solid understanding of:
Why this course matters
This course turns the subject into practical, structured learning you can apply in real business and workplace situations. It is designed to help you move beyond definitions and understand how the ideas, tools and decisions covered in the course fit together.
What you will gain
- Build a practical understanding of the key concepts covered in Understanding Automated Clearing House ACH.
- Recognise where the topic applies in real workplace or business situations.
- Apply the methods and good-practice approaches covered in the course with greater confidence.
Who is this course for?
This course is suitable for professionals, managers, business owners and learners who want practical knowledge they can apply in real workplace situations.
Course at a glance
- Study time: approximately 1 hour.
- Format: self-paced online learning.
- Professional development: CPD course.
Course Description
Seat Time: 1hr - Desc:
This course will introduce the learner to the use and purpose of the Automated Clearinghouse (ACH). Additionally, the course will discuss the particular roles and duties of participants and users inside the ACH system. Upon completion of this course, the learner will have a solid understanding of:
- Bank Secrecy Act (BSA) requirements.
- Risk management.
- International ACH Transactions (IAT).
Course Topics
T1. ACH: This topic will explain the use and purpose of the Automated Clearing House (ACH), which has allowed companies to transfer a wide variety of funds safely, dependably, and conveniently for many years, and will provide information on electronic funds transfers, Federal Reserve Wire Transfers, and more.
T2. The ACH System: This topic will discuss the particular roles and duties of participants and users inside the Automated Clearing House (ACH) system, such as originators, receivers, ODFIs, RDFIs, and more.
T3. BSA and ACH: This topic will familiarize the learner with Bank Secrecy Act (BSA) requirements of the Automated Clearing House (ACH) and all U.S. financial institutions in terms of maintaining specific records and reporting specific transactions in an effort to minimize money laundering and terrorist financing.
T4. Risk Management: This topic will explore how increases in activity and the potential for over-automation result in fewer opportunities for reviews of transactions, translating into higher degrees of risk for financial institutions.
T5. International ACH Transactions (IATs): This topic will explain International ACH Transactions (IAT), how they are identified and formatted, how a financial institution is involved in one, and other information.
Continue your learning
Part of this learning pathway: Compliance & Regulatory
Course pathway: eBSI Banking Academy > Compliance & Regulatory > Understanding Automated Clearing House ACH
Explore more Compliance & Regulatory training or return to the eBSI Banking Academy.