The ACH Network’s focus on risk management has grown as transaction volumes and product complexity have increased; your registration provides valuable information about the breadth and depth of these financial relationships.
Every ODFI is required to register its status with NACHA by either acknowledging that it has no Direct Access Debit Participants OR providing specific information about each Direct Access Debit Participant.
When needed, you can update your ODFI’s contact information, change your status or submit your quarterly reporting on Direct Access Debit Participants.
When you register your ODFI’s Direct Access status, you’ll use one of two forms:
If you’re not sure whether your ODFI maintains Direct Access Debit Participant relationships with Third-Parties and/or Originators, see our definitions and example scenarios, linked in the right-hand sidebar, or contact NACHA with questions. Remember to provide your financial institution’s routing number in all email communication, since this helps us to identify you in our database.