Accredited ACH Professional (AAP) Exam 2025 – 400 Free Practice Questions to Pass the Exam

The requirement for an RDFI (Receiving Depository Financial Institution) to send information within 2 banking days is specifically tied to providing payment-related information associated with certain types of ACH entries, such as CCD (Cash Concentration or Disbursement), CTX (Corporate Trade Exchange), CIE (Cash Initiated Entry), or IAT (International ACH Transaction) entries.

These types of entries often involve significant sums of money and are typically used for business transactions or international transfers, where timely and accurate information is crucial for financial management and compliance purposes. The 2 banking days requirement ensures that involved parties can promptly access the necessary data related to these payment transactions, which can facilitate effective cash flow and operational planning.

In contrast, requests for traditional checking account details, confirmation of transaction status, or account balance details may not be governed by the same stringent time frames, indicating they do not require the same immediacy in response. Hence, the obligation to provide this specific payment-related information within a defined timeframe reflects the importance and urgency associated with business transactions.