The FedACH Risk RDFI Alert Service provides notice of unusual or noteworthy conditions within a Receiving Depository Financial Institution’s (RDFI) incoming FedACH® Service batches and/or files and/or within the RDFI account holder’s incoming items. The service helps alert the RDFI and/or its account holders to potential fraud attempts, to significant origination errors, to situations requiring further action and to conditions of interest. View the FedACH Risk Management Services product sheet (PDF) to learn how the RDFI Alert Service fits into the entire suite of FedACH Risk Management Services. Request that we contact you (Off-site Link) regarding your interest in FedACH Risk Management Services.
“We’re interested in being alerted to large dollar transactions that may result in fluctuations to our Fed account. These alerts assist our finance department in monitoring our liquidity.”
– Tammy Stolpp, Senior Vice President, Director of Operations, The Bank of Hemet
Using the FedACH Risk Alert Service requires only that your institution has access to the FedLine Web or FedLine Advantage access solution, that your designated staff has access to FedACH Information Services and that you complete and submit Part 6C (PDF), and for more complex processing arrangements, the additional Part 6E, Section A (PDF) or Section B (PDF), of the FedACH Participation Agreement. Then you are ready to set your monitoring criteria and begin putting this valuable monitoring tool to work.
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