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When this happens, the Receiving Depository Financial Institution (RDFI) automatically initiates a return of the funds to the Originating Depository Financial Institution (ODFI). These fees are intended to cover ACH return processing costs and encourage adherence to bestpractices to ensure more accurate and valid payments.
This includes both Originating Depository Financial Institutions (ODFIs) and Receiving Depository Financial Institutions (RDFIs). Each year, NACHA reviews the existing rules and considers necessary updates based on changes in technology, regulatory requirements, industry bestpractices, and feedback from stakeholders.
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