Nacha Certified is a voluntary accreditation program for Third-Party Senders in the ACH Network. In order to achieve certification, your company will need to provide documentation showing it meets certain core requirements. This includes:
- Independent Nacha Rules Audit
- ACH Risk Assessment
- Compliance and Risk Program Policies and Procedures
- Agreement to Criminal Background Check for all principals and key officers
- Audited Financial Statements
These criteria were drawn from the Nacha Operating Rules existing regulatory requirements and guidance, and principles of sound corporate governance and business practices.
The application fee is $5,000 and the certification period, if achieved, is two years. A $750 intervening year fee is required at the end of the first year along with limited documentation to maintain certification. A full review is conducted every two years.