Timing Requirements for RDFI to make credit and debit entries available

Question 1

For a credit entry that is not a same day entry funds must be available to the RDFI by?

Answer 1

By 5:00PM (RDFI Local time) on the banking day prior to the settlement date.

Question 2

For a credit entry that is not a same day entry funds must be available to the receiver for withdrawal by?

Answer 2

No later than 9:00 am (RDFI Local time) on the settlement date.

Question 3

For a credit entry that is not a same day entry funds must be made available to the RDFI by its ACH Operator after?

Answer 3

5:00 PM (RDFI Local time) on the banking day prior to the settlement date.

Question 4

RDFI must make the amount of credit entries available to the receiver for withdrawal no later than?

Answer 4

The end of the settlement date.

Question 5

For a credit same day entry received in the first same day processing window, an RDFI must make the amount of the credit entry available to the receiver for withdrawal no later than?

Answer 5

1:30 PM (RDFI local time) on settlement date of entry

Question 6

For a credit same day entry received in the second same day processing window, an RDFI must make the amount of the credit entry available to the receiver for withdrawal no later than?

Answer 6

5:00 PM (RDFI local time) on settlement date of entry

Question 7

If an RDFI whose local time is Atlantic time, they may use ______ to satisfy settlement requirements.

Answer 7

Eastern Time

Question 8

For a credit same day entry received in the third same day processing window, an RDFI must make the amount of the credit entry available to the receiver for withdrawal no later than?

Answer 8

The completion of the RDFI’s processing for that settlement date. RDFI is not required to make such funds available for withdrawal on the settlement date.

Question 9

If an RDFI is located east of the Atlantic time zone and west of the international date line must make the amount of a credit same day entry received in any same day processing window available to the receiver for withdrawal no later than?

Answer 9

9:00 AM (RDFI’s local time) on the Banking day following the settlement date of entry.