ACH Operations Bulletin #1-2019: Indemnification Agreement for Use by Financial Institutions in Requesting Return of Funds from ACH Entries

Posted January 30, 2019

NACHA is publishing the attached forms, entitled “Indemnification Agreement – Request for Return of Funds from ACH Entry” (“Indemnification Agreement”), for use by financial institutions in certain situations in which an ODFI requests the return of funds from an ACH transaction, and the RDFI desires to receive a written indemnification in addition to the indemnification contained in the NACHA Operating Rules. NACHA encourages financial institutions to become familiar with this agreement and consider the situations in which to use it, as the use of a standard form is expected to reduce delays and costs associated with negotiating the terms of agreements between financial institutions.