Banner Bank ACH Originator Guide

funds, as RDFIs are not obligated to post the reversing debits if they overdraw the Receiver’s account or the account is closed. When you request that Banner Bank reverse an entry, the Rules require that you “make a reasonable attempt to notify the Receiver of the Reversing Entry and the reason.” 3 This notice must be provided no later than the Settlement Date of the Reversal. If these criteria are not met, Banner Bank can only request that the RDFI return the entry.

Submitting an ACH Recall Request If you have questions or need to reverse an ACH entry(s) or files you have submitted please contact Banner’s Treasury Management Support team for assistance.

Origination File Delivery Deadlines & Cutoff Times All ACH entry requests must be completed by the established cutoff times for processing to occur on the same business day. Any entry completed and received by Banner Bank after such cutoff times or on any non-business day will be processed the following business day. The cutoff times noted below apply to business days, excluding federal holidays. Next-Day Processing or Future-Dated Requests : For processing that can result in payment settlement and receipt as early as the next day, the deadlines are: Business Online Banking ACH Origination:

• 10:30 a.m. Pacific Time • 12:00 noon Pacific Time • 5:00 p.m. Pacific Time

3 A Receiver must be notified if a reversing entry debits their account; however, a Receiver does not need to authorize the reversing debit entry.

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