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The NACHA Operating Rules provide a means of identifying business checks that are ineligible for check conversion and provide businesses with the ability to opt out of check conversion.
The Rule in Brief
Specifically, the NACHA Operating Rules limit the conversion of consumer or business checks to items of $25,000 or less, and also:
- Assist businesses and financial institutions in identifying which checks are ineligible for conversion under ARC, POP, and BOC.
- Allow businesses to take steps to prevent their check from being converted at a point-of-purchase, lockbox, or dropbox.
- Include a Return Reason Code (R39) so financial institutions can return ineligible items that are converted under ARC, POP, and BOC.
Learn more about identifying business checks ineligible for conversion »
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