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#725061 - 05/01/07 07:19 PM ACH and wire-transfers
KidIcarus Offline
Member
KidIcarus
Joined: Apr 2005
Posts: 63
Kentucky
Should incoming wires be treated differently from ACH compliance-wise? If the beneficiary name does not match the valid account name, should the wire be returned? I am not a deposit compliance officer but I play one on TV.

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Deposits and Payments
#725551 - 05/02/07 04:29 PM Re: ACH and wire-transfers KidIcarus
HappyGilmore Offline
10K Club
Joined: Jun 2004
Posts: 19,857
Pulling people out of the ditc...
wires only need a valid account number to post. if you choose to put a tighter restriction on this, such as name and account number must match, that is your call.
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