FedACH Risk® Returns Reporting Service Setup

Thank you for choosing the FedACH Risk Returns Reporting Service, provided via the FedACH Information Service on FedLine Web®. 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 access 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 advice or assistance at any step of the process, consult your FedACH Sales Specialist.

Step 1 - Assess Your Access Needs

Use the following links to determine which access 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. If you transact FedACH files, you will access the FedACH Risk Returns Reporting Service, provided as part of the FedACH Information Service, through FedLine Advantage. If you outsource your ACH processing, you will access the service via FedLine Web.

Step 2 - 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 Link)

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 regional payments association

Uniform Commercial Code-Article 4 (Off-site Link)

Green Book (Off-site Link)

A comprehensive guide for institutions that receive ACH payments from the federal government and send payments (i.e., collections) to the federal government.

Step 3 - 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 4 - Complete Forms/Agreements

Now that you've determined your access solution, service features and Subscriber needs, you can proceed to document all your decisions in the required forms.

Current FedLine customers:

  • FedACH Information Services Subscribers automatically have access to the FedACH Risk Returns Reporting Service. Ensure that all staff needing access to this service has been assigned the proper FedACH Subscriber access roles.
  • End User Authorization Contacts (EUAC) with authority to manage access for FedACH Services should complete a Subscriber Request Form online to give new Subscribers access or to modify current Subscribers' access to include FedACH Information Services, which gives you access to the Returns Reporting Service. EUACs must define access roles for each FedACH Subscriber in your organization.

Questions? Contact your FedACH Central Operations Support site.

  • Otherwise, your organization must first submit a modified EUAC Form (PDF) to authorize your EUAC to manage access for FedACH Services.

Questions? Contact your Customer Contact Center

New FedLine Customers:

Questions? Contact your Customer Contact Center

Step 5 - Schedule Testing and Production Date

Once your paperwork is received, a representative from the Federal Reserve Banks will call you to establish a testing schedule and production date. Testing requirements will vary based on the services you have selected.

Questions? Contact your FedACH Sales Specialist.

Step 6 - Congratulations! Begin using your new Federal Reserve Financial Services

You can begin using the FedACH Risk Returns Reporting Service.

Top of Page