What Is An Ach Origination Agreement

As ACH origination services grow in volume and complexity, it is more important than ever for financial institutions to reach a strong legal agreement to protect themselves. This NACHA-compliant ACH origin agreement template contains the critical requirements between financial institutions and their ACH initiators. In addition, the agreement includes the unique provisions of the Standard Entry Class (SEC) Code, examples of commercially reasonable security procedures, model forms for direct deposits and direct payments, and a calendar of Federal Reserve holidays. The original ACH agreement is provided in a Microsoft Word electronic document for easy customization. Updated to include same-day ACH language!*Macha/PAR strongly recommends that your legal counsel review the agreement before executing it.* Please note: The ACH Creation Agreement template is available for free to Macha/PAR members as one of our many membership benefits. Members: To get your free copy, visit the Members tab only (you must be logged in and select Forms/Agreements). .