Online Banking

Log In

Error, press "Log In" to continue.

Log In

Error, press "Log In" to continue.

ACH Processing Information

 
ACH Holiday Processing Calendar | ACH Origination Reminders | Questions?

2024 ACH Holiday Processing Calendar

The following is a list of the holidays observed by the Federal Reserve Banks for 2024. Please be advised that the Federal Reserve / FSB will be closed on the dates listed, and adjustments must be made to your processing schedule to allow additional processing days for these closings.

We cannot process ACH files and wire transfers dated for Federal holidays. If you have any questions on how these dates may affect your processing schedule, please contact us at 319-730-6962.

Holiday DatesFSB and Federal Reserve Holiday StatusProcessing Information*
Monday, January 1: New Year’s Day FSB and Federal Reserve Closed

ACH: No ACH processing. For effective date of January 2, submit transactions by 2 p.m. on Friday, December 29.

 

WIRES: No wire transfer processing.

Monday, January 15: Martin Luther King, Jr. Day FSB and Federal Reserve Closed

ACH:  No ACH processing. For effective date of January 16, submit transactions by 2 p.m. on Friday, January 12.

 

WIRES: No wire transfer processing.

Monday, February 19: Presidents’ Day FSB Open and Federal Reserve Closed

ACH: ACH files can be submitted, but will not be processed. For effective date of February 20, submit transactions by 2 p.m. Friday, February 16.

 

WIRES: No wire transfer processing.

Monday, May 27: Memorial Day FSB and Federal Reserve Closed

ACH: No ACH processing. For effective date of May 28, submit transactions by 2 p.m. on Friday, May 24.

 

WIRES: No wire transfer processing.

Wednesday, June 19: Juneteenth FSB and Federal Reserve Closed

ACH: No ACH processing. For effective date of June 20, submit transactions by 2 p.m. Tuesday, June 18.

 

WIRES: No wire transfer processing.

Thursday, July 4: Independence Day FSB and Federal Reserve Closed

ACH: No ACH processing. For effective date of July 5, submit transactions by 2 p.m. on Wednesday, July 3.

 

WIRES: No wire transfer processing.

Monday, September 2: Labor Day FSB and Federal Reserve Closed

ACH: No ACH processing. For effective date of September 3, submit transactions by 2 p.m. on Friday, August 30.

 

WIRES: No wire transfer processing.

Monday, October 14: Columbus Day FSB Open and Federal Reserve Closed

ACH: ACH files can be submitted, but will not be processed. For effective date of October 15, submit transactions by 2 p.m. Friday, October 11.

 

WIRES: No wire transfer processing.

Monday, November 11: Veterans Day FSB and Federal Reserve Closed

ACH: No ACH processing. For effective date of November 12, submit transactions by 2 p.m. on Friday, November 8.

 

WIRES: No wire transfer processing.

Thursday, November 28: Thanksgiving Day FSB and Federal Reserve Closed

ACH: No ACH processing. For effective date of November 29, submit transactions by 2 p.m. on Wednesday, November 27.

 

WIRES: No wire transfer processing.

Wednesday, December 25: Christmas Day FSB and Federal Reserve Closed

ACH: No ACH processing. For effective date of December 26, submit transactions by 12:30 p.m. on Tuesday, December 24.

 

WIRES: No wire transfer processing.

*Debit files must be delivered to FSB no later than one business day prior to effective date; credit files recommended to be delivered two business days prior to effective date.

ACH Origination Reminders

In an effort to assist you with your ACH origination procedures, the following items are reminders of some of the guidelines that should be considered during daily operations to insure compliance with Nacha Rules.

For a printable copy of all ACH Origination Reminders, click here.

Authorization and Pre-Notifications

    • Ensure you have written authorization from your customers and have provided them with a copy of their signed authorization. Keep copies of these authorizations on file for two years after your last electronic transfer to the authorized account. Periodic audits of authorizations will be performed.
    • If you choose to send pre-notifications, send them at least three business days before the first live transaction.

Handling Return Error Codes and Notification of Changes

    • If you receive returns relating to pre-notifications you have sent indicating that the receiving bank cannot accept such entries, do not initiate any further entries to the account.
    • If you choose to originate “micro entries” you must use “ACCTVERIFY” in the company entry description field.
    • If you receive NOCs (Notifications of Change) on items you originate, requested changes should be made within six banking days or before initiating the next entry, whichever is later. Failure to do so is a violation of Nacha rules.
    • If entries are returned to you for the following reasons, you must not reinitiate entries to those customers until you obtain a new proper authorization:
      • For R01 - Insufficient Funds and R09 - Uncollected Funds: Reinitiation is allowed for up to two additional attempts
      • R07 – Authorization Revoked by Customer: Do not reinitiate without new authorization
      • R08 – Payment Stopped: Do not reinitiate without resolving the issue.
      • R10 – Customer Advises Not Authorized: Obtain new authorization before reinitiating.
      • R11 - Error in Transaction: Correct the error (e.g., wrong date or amount) before resubmitting.
    • If you need to reverse a file or entry, you must do so in such time as to be transmitted or made available to the receiving bank within five banking days following the settlement date of the erroneous entry or file.

Security and Communication

    • Protect your computer against potential security threats. Use antivirus software and keep up on critical patches. Utilize a firewall, and don’t “surf” with the computer used for banking.
    • All sensitive information must be transmitted securely using a commercially reasonable level of encryption. Our secure email system is available for your convenience. If you still need to register, please contact FSB's eCommerce department.
    • Farmers State Bank must be notified when an employee is terminated, no longer employed, or their job description changes, affecting access to the ACH system.

Submission Cutoff Times

    • Our daily “cutoff” times to submit files are:
      1. Credits must be made by 2:00 p.m. two days before the effective date, and debits must be made by 2:00 p.m. one day before the effective date.
      2. Files prepared by FSB: Credits by 10:00 a.m. two days before the effective date; debits by 10:00 a.m. one day before the effective date.

Nacha Links

Get Expert Guidance

ACH transactions can be complex at times. The FSB team is committed to offering the support and solutions you need to succeed.

Please contact the eCommerce Department with any questions:

Expand toolbar

Chat
Back to Top