Accredited ACH Professional (AAP) Practice Exam 2025 - Free AAP Practice Questions and Study Guide

The eligibility criteria for a Re-presented Check (RCK) primarily include that it must have been returned for insufficient funds, and critically, it should have a pre-printed serial number. This requirement ensures that the check is accounted for properly in the processing system and allows for easier tracking and re-presentation by the originating financial institution. The pre-printed serial number is essential for identifying the check, confirming its legitimacy, and ensuring that it is the correct item being represented for payment again.

The other criteria mentioned do not apply in the same way or omit necessary requirements. While authorizing by the ODFI is relevant, other checks may still meet the criteria without this specific authorization. Not all checks have to be within a certain age besides the stipulation regarding the 90-day limit, and while checks drawn on investment company funds might face scrutiny, disallowing them entirely is not a general eligibility criterion for RCKs. Therefore, the pre-printed serial number combined with the return reason specifically outlines the integrity needed for re-presenting the check for payment.