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Financial Institution Registration of Direct Access Debit Participants Form (Form B)
Each ODFI with one or more Direct Access Debit Participants must register each relationship
on the Financial Institution Registration of Direct Access Debit Participants Form (Form B).
The ODFI must use a distinct Form B for each Direct Access Debit Participant.
Registration is solely focused on Direct Access Debit Participants involving the origination
of ACH debit transactions. If your institution has a direct access relationship involving
ACH credit transactions, your organization is not being asked to register those relationships.
Direct Access is defined as “a situation in which an Originator, Third-Party Sender, or a
Third-Party Service Provider transmits credit or debit entries directly to an ACH Operator
using an ODFI’s routing number and settlement account.”
Direct Access Debit Participants is defined as “an Originator, Third-Party Sender, or
Third-Party Service Provider with Direct Access for the origination of debit entries except
(i) a Third-Party Service Provider that transmits ACH files solely on behalf of an ODFI where
that Third-Party Service Provider does not have a direct agreement with an Originator (and is
not itself an Originator), or (ii) an ODFI that transmits files using another Participating
DFI’s routing number and settlement account.”
The exclusions described in the definition of Direct Access Debit Participants are exceptions
as these relationships involve either a Third-Party Service Provider that is a bank service
company that performs services on behalf of a bank and therefore subject to oversight by the
ODFI’s regulator; or a financial institution transmitting entries on behalf of another
financial institution, respectively.
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