Accredited ACH Professional (AAP) Practice Exam

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What is the deadline for the RDFI to respond to a Refused NOC?

2 banking days
3 banking days
5 banking days
7 banking days

The correct answer is: 5 banking days

The deadline for the Receiving Depository Financial Institution (RDFI) to respond to a Refused Notice of Change (NOC) is 5 banking days. This specific timeframe is crucial because it ensures timely updates and corrections to account information. A Refused NOC is issued when the RDFI does not agree with the changes proposed in the original NOC, and this response period allows for efficient communication and resolution of any discrepancies related to account details. Responding within 5 banking days aligns with the need for accurate data management in the ACH process, promoting clarity and reducing potential errors in transactions. This defined period helps standardize the process across institutions, ensuring that all parties involved can adhere to a consistent timeline for addressing any changes in customer account information resulting from NOCs.