Thank you for choosing the FedACH Exception Resolution Service. Following are the steps to take to streamline your implementation process, including contacts to help you with questions at any step along the way. Depending on the FedLine® Solution and services to which you already subscribe, you may be able to omit several of these steps. Read the steps carefully to determine which apply to you. If you need advice or assistance at any step of the process, consult your account executive.
Use the following links to determine which access solution provides the services/features your organization needs and the number and type of Subscribers who will need access to those solutions in your organization.
Federal Reserve Financial Services use is governed by applicable Operating Circulars. In addition, the Board of Governors of the Federal Reserve System has responsibility for implementing certain laws pertaining to a wide range of banking and financial activities. The following apply to FedACH Services.
Provides information regarding annual ACH rule changes, their operational impact and whether any software changes are required; includes a system of national fines; available through NACHA or your Payments Association (Off-site)
A comprehensive guide for institutions that receive ACH payments from the federal government and send payments (i.e., collections) to the federal government.
Evaluate all internal software/hardware systems and compare to Federal Reserve Bank requirements to determine if changes are needed for a successful production cutover.
Now that you've determined your access solution, service feature and Subscriber needs, you can proceed to document all your decisions in the required forms. Those with existing access to FedLine FedACH Information Services need only complete and submit Part 6F of the FedACH Participation Agreement.
Questions? Contact your Customer Contact Center
You can begin using the FedACH Exception Resolution Service.