ACH Series: The Green Book & Government Payments Explained
Government payments are a category unto themselves. The Green Book is the Fount of Knowledge for direct deposit government payments, returns, garnishment limitations, reclamations, and more. Learn how this important resource has evolved and how to limit your institution’s potential liability.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Locate and identify protected federal benefit payments in response to a garnishment order
- Explain the Fiscal Service’s process for tracing federal payments
- Determine when a payment must be returned to the originating federal agency
- Differentiate the obligations for reclamation of a federal ACH benefit payment versus non-federal
- Distinguish which federal payments are/are not subject to reclamation
- Limit your financial institution’s liability for post-death federal benefit payments
Since 1975, the Green Book has offered guidance on the acceptance of federal government payments via direct deposit. As the ACH Network has evolved, so too has the Green Book, which now provides guidance on direct deposit enrollment, garnishment limitations on protected federal benefits, handling claims of non-receipt, and the impact of returning a federal benefit payment.
In addition to these subjects, the Green Book also provides direction on reclamation of federal benefit payments. To limit potential liability, financial institutions must be careful when handling post-death federal benefit payments and reclamation requests. Due to important updates in 2020 and 2021, institutions are encouraged to review the current version of the Green Book to ensure their policies and procedures coincide with statements from the Bureau of the Fiscal Service and the Department of the Treasury. This presentation will examine today’s Green Book and the most-recent guidance.
WHO SHOULD ATTEND?
This informative session is appropriate for all personnel, including frontline staff, service representatives, operations staff, and senior management.
PRESENTER – Jason Johnson, UMACHA, AAP, APRP
Jason Johnson is the Associate Director of Education Services at UMACHA. Jason came to UMACHA in 2019 with just over five years of banking experience after working for the only union owned and operated bank in the Midwest. His background as a teller and bookkeeper, an accounting degree, and AAP and APRP accreditations make Johnson a valuable resource.
- $245 – Live Webinar Access
- $245 – OnDemand Access + Digital Download
- $320 – Both Live & On-Demand Access + Digital Download