New Nacha rules effective October 1, 2024, are aimed at helping financial institutions improve funds recovery. These rules provide ODFIs and RDFIs with more tools to handle questionable entries:

• Codification of Expanded Use of Return Reason Code R17: Under the new rule RDFIs will be allowed, but not required, to use Return Reason Code R17 to return entries they believe to be suspicious or questionable.
• Expanded Use of ODFI Request for Return/R06: This new rule will allow an ODFI to request a return from the RDFI for any reason.
• Additional Funds Availability Exceptions: This rule will give RDFIs an additional exemption from funds availability requirements for credit entries suspected of being originated under false pretenses.
• Timing of Written Statement of Unauthorized Debit (WSUD): This rule provides RDFIs the ability to obtain a WSUD signed by the Receiver on or after the date the entry is presented, even if the debit has not yet posted to the account.
• Requirement for RDFIs to Promptly Return Unauthorized Debits: This rule requires RDFIs to return unauthorized consumer debits within six banking days following the completion of their review of the WSUD.

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