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Check Returns and Adjustments


Event Details*
Friday, April 01, 2022
On-Demand; 1.2 NCP CEU Eligible
Learning Level: Beginner

Event Registration

Member Price: $225.00
Non-Member Price: $325.00

What happens when an item cannot be immediately processed and needs special handling? This session will delve into those exception situations focusing on decisioning items processed through the Federal Reserve. Often the question is, should the exception be handled as a return or an adjustment? How does timing factor into this decision? We will review both the return process and adjustment process, as well as return reason codes and adjustment types. We'll also review Operating Circular 3 which governs the details of the Federal Reserve Banks' handling of cash items and returned checks.

At the end of this session attendees will be able to:
• Discuss Operating Circular 3
• Explain the return process versus the adjustment entries
• Describe rules and regulations that impact exception handling

Sandy Cinelli, AAP, APRP, CAMS, NCP, Senior Director, Education, NEACH

• Check
• Check Processing/RDC
• NCPs
• Operations

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Rules and Regulations for Checks

*Please note that the access information will be sent to you in a separate email upon receipt of payment. Access information and support are only provided during normal business hours.
** This event is part of the NEACH Education Club. Members who join the Club save $75 off the cost of this event.

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