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#1588757 - 08/08/11 01:00 PM ACH reversal
Lilly C Offline
100 Club
Lilly C
Joined: Dec 2004
Posts: 209
Sunny Florida
We have a customer that normally receives ACH for his payroll every two weeks. The last ACH he received was reversed by his employer. We don't know if he is going to be able to cover it. What is our recourse?

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Operations Compliance
#1588927 - 08/08/11 04:17 PM Re: ACH reversal Lilly C
BrianC Offline
Power Poster
BrianC
Joined: Nov 2004
Posts: 6,722
Illinois
If you are within your timeframe you may return the reversal as NSF. The only ACH reversals you are required to accept are Social Security reclaimations.
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#1589430 - 08/09/11 01:53 PM Re: ACH reversal BrianC
Lilly C Offline
100 Club
Lilly C
Joined: Dec 2004
Posts: 209
Sunny Florida
Thanks for the quick response Brian. This is a big help.

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