FedACH Risk^® RDFI Alert Service Setup

Thank you for choosing the FedACH Risk RDFI Alert Service. We are ready to work with you to make this a smooth and easy transition. 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 assistance or advice at any step of the process, consult your account executive.

Step 1 – Select Service Options

The following links will help you determine what specific service features are right for your institution.

Confirm FedACH Risk RDFI Alert Service Offerings right for your organization

Step 2 – Assess Your Access Needs

Use the following links to determine which FedLine 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.

Review the 2019 FedLine Solutions Services Comparison Matrix (PDF)
Review your security and contingency procedures to ensure that appropriate safeguards are in place when using any FedLine^® Solution

Step 3 – Review Rules and Regulations

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:

Operating Circulars

Operating Circular 4: ACH Items – governs clearing and settlement of commercial ACH credit and debit items
Operating Circular 5: Electronic Access – covers terms for electronically accessing Federal Reserve Financial Services

Regulations

Regulation E – primarily addresses consumer rights pertaining to electronic funds transfers
Regulation CC – includes regulations concerning availability of funds

NACHA's Operating Rules (Off-site)

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)

Uniform Commercial Code-Article 4 (Off-site)

Green Book (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.

Step 4 – Review Setup and Processing Documentation

Implementation and user guides and other resources are available for your review to help you through the start-up process, as well as to help you use the service to its fullest potential. Helpful documentation is available under FedACH Operations Resources.

Step 5 – Review Hardware/Software Requirements

Evaluate all internal software/hardware systems and compare to Federal Reserve Bank requirements to determine if changes are needed for a successful production cutover.

Step 6 – Complete Forms/Agreements

Now that you've determined your FedLine^® Solution and service features you can proceed to document all your decisions in the required forms.

Ensure that your organization has submitted Board Resolution and Official Authorization List (OAL) using the standard form required by the Federal Reserve Banks
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 to the location listed on the form

Questions? Contact FedACH and Check Services Customer Support.

Current FedLine customers:

If your designated staff already has access to FedACH Information services, no additional access credentials are necessary. If you wish to add additional staff access to FedACH Information Services, an End User Authorization Contact (EUAC) with authority to manage access for FedACH Services should submit a Subscriber request via the EUAC Center within FedLine Home. Otherwise, your organization must first submit a modified EUAC Form (PDF) to authorize an EUAC to manage access for FedACH Services.

Questions? Contact the Customer Contact Center

New FedLine Customers:

Complete the FedLine Web Service Setup or FedLine Advantage Service Setup