As ACH origination services increase in volume and complexity, it is more important than ever for financial institutions to enter into a strong legal agreement to protect themselves. This ACH-type initiation agreement, in accordance with the AA, contains the critical conditions that must be imposed between financial institutions and their ACH initiators. In addition, the agreement contains the unique provisions of the Standard Entry Class (SEC) code, examples of economically appropriate security procedures, standard forms for direct deposits and direct payments, as well as a Federal Reserve Holiday Schedule. The ACH Origination Agreement is provided in a Microsoft Word electronic document for simple adaptation. Update for same day ACH Language!*Macha/PAR strongly recommends that your lawyer check the agreement before execution.* Non-members: For more information on membership, click here or contact us at [email protected] Please note that the ACH type initiation agreement is available free of charge to Macha/PAR members as one of our many membership benefits. Members: To get your free copy, see the Members Only tab (you must be registered and choose forms/conventions). .