How long does an originator have to provide NOC or corrected NOC information to the originator?

How long does an originator have to provide NOC or corrected NOC information to the originator?

• A. 5 banking days
• B. 2 banking days
• C. 7 banking days
• D. 10 banking days

Answer: (B)

The requirement for an originator to provide Notice of Change (NOC) or corrected NOC information is indeed 2 banking days. This timeframe is established to ensure that recipients of ACH transactions have timely information regarding any changes to the account details that may affect future transactions. Quick communication of this information helps maintain the accuracy of financial transactions and allows for adjustments to be made before issues arise during subsequent ACH processing. By adhering to the 2 banking days requirement, originators facilitate smooth transaction flows and reduce potential errors or disruptions for both themselves and their customers.

The requirement for an originator to provide Notice of Change (NOC) or corrected NOC information is indeed 2 banking days. This timeframe is established to ensure that recipients of ACH transactions have timely information regarding any changes to the account details that may affect future transactions. Quick communication of this information helps maintain the accuracy of financial transactions and allows for adjustments to be made before issues arise during subsequent ACH processing. By adhering to the 2 banking days requirement, originators facilitate smooth transaction flows and reduce potential errors or disruptions for both themselves and their customers.