What is the time frame for the return of an XCK entry?

What is the time frame for the return of an XCK entry?

• A. 30 Calendar Days
• B. 45 Calendar Days
• C. 60 Calendar Days
• D. 90 Calendar Days

Answer: (C)

The time frame for returning an XCK entry is indeed 60 calendar days. This specific return period applies to XCK entries, which are related to the reinitiation of checks that are returned for insufficient funds. According to the NACHA Operating Rules, the return of these entries must occur within this designated time frame to ensure that the transactions are processed in a timely manner. This 60-day window allows for the necessary administrative processes involved in handling returns; it also accommodates the needs for potential disputes or corrections related to the transactions. Understanding this time frame is critical for professionals in the ACH network, as compliance with these rules is essential for maintaining the integrity of electronic payments and ensuring smooth operations within the banking system. The other options do not reflect the correct time frame established for XCK entries, which is specifically defined as 60 calendar days.

The time frame for returning an XCK entry is indeed 60 calendar days. This specific return period applies to XCK entries, which are related to the reinitiation of checks that are returned for insufficient funds. According to the NACHA Operating Rules, the return of these entries must occur within this designated time frame to ensure that the transactions are processed in a timely manner.

This 60-day window allows for the necessary administrative processes involved in handling returns; it also accommodates the needs for potential disputes or corrections related to the transactions. Understanding this time frame is critical for professionals in the ACH network, as compliance with these rules is essential for maintaining the integrity of electronic payments and ensuring smooth operations within the banking system.

The other options do not reflect the correct time frame established for XCK entries, which is specifically defined as 60 calendar days.