RCK – Re-presented Check Entry — A re-presented check entry is a Single-Entry ACH debit application used by Originators to re-present a check that has been processed through the check collection system and returned because of insufficient or uncollected funds. This method of collection via the ACH Network provides Originators with improvements to processing efficiency and decreased costs.
RCK Legal Framework
The RCK entry is subject to NACHA operating rules, the Uniform Commercial Code and Federal Reserve Regulation CC. The RCK entry is not subject to Electronic Funds Transfer Act or Regulation E.
An item must comply to the following, if the item is not eligible as an RCK entry:
Be an item within the meaning of the Revised Article 4 of the Uniform Commercial Code.
Be a negotiable demand draft drawn on or payable through or at a participating DFI. This does not include a Federal Reserve Bank or a Federal Home Loan Bank.
Contains a pre-printed serial number.
Be in an amount up to and including $2,500.
Be dated less than 180 days from the date the entry is transmitted to the RDFI.
Be drawn on a consumer account.
RCK Entries may only be retired 2 times (3 times total including presentment that returned NSF or Uncollected Funds)
Only the face amount of the item can be submitted.
RCK Notice Requirement
The merchant must provide notice to the check writer prior to resubmitting through ACH, of the intention to submit electronically. The notice must clearly state the terms of the Re-presented Check Entry policy.
RCK Retention of Item
The merchant must retain a copy of the front and back of the item for seven years from the settlement date of the RCK entry.
60 day return policy applies to RCK.