Which document outlines a written statement upon request from an RDFI?

Which document outlines a written statement upon request from an RDFI?

• A. WSUD
• B. Transaction Code
• C. Batch Header Record
• D. Entry Detail Record

Answer: (A)

The correct choice is the WSUD, which stands for Written Statement of Unauthorized Debit. This document is crucial within the ACH (Automated Clearing House) network, as it serves as a formal written statement that an RDFI (Receiving Depository Financial Institution) can provide upon request from an account holder. When an account holder believes they have unauthorized transactions on their account, they may request a Written Statement from their RDFI. This document allows the RDFI to process the dispute efficiently and adhere to regulatory requirements. It captures the details of the unauthorized debit and provides an official record that the account holder can use. In contrast, the other options do not specifically serve as a written statement upon request. Transaction Codes are utilized to indicate specific transaction types in the ACH network, while the Batch Header Record includes information about a group of entries but is not a statement document. The Entry Detail Record contains information related to individual entries, such as transaction amount and account numbers, but again, it does not fulfill the function of providing a written statement. Thus, the WSUD is the correct choice due to its specific purpose in addressing unauthorized debits in the context of the ACH process.

The correct choice is the WSUD, which stands for Written Statement of Unauthorized Debit. This document is crucial within the ACH (Automated Clearing House) network, as it serves as a formal written statement that an RDFI (Receiving Depository Financial Institution) can provide upon request from an account holder.

When an account holder believes they have unauthorized transactions on their account, they may request a Written Statement from their RDFI. This document allows the RDFI to process the dispute efficiently and adhere to regulatory requirements. It captures the details of the unauthorized debit and provides an official record that the account holder can use.

In contrast, the other options do not specifically serve as a written statement upon request. Transaction Codes are utilized to indicate specific transaction types in the ACH network, while the Batch Header Record includes information about a group of entries but is not a statement document. The Entry Detail Record contains information related to individual entries, such as transaction amount and account numbers, but again, it does not fulfill the function of providing a written statement. Thus, the WSUD is the correct choice due to its specific purpose in addressing unauthorized debits in the context of the ACH process.