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#1659012 - 02/01/12 03:31 PM ATM Deposit Dispute - Statute of limitations
pweiss Offline
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Joined: Mar 2011
Posts: 103

I have a member that is disputing a deposit that he made two years ago stating the check in his ATM deposit never posted to his account. Does anyone know the statute of limitations on ATM deposit disputes? Since it is a "check" deposit, it is not covered under Reg E -- so I don't think the 60 days from the statement date applies.

Thank you,
Phil Weiss, CAMS

My opinions are my own and not that of my employer.

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#1659757 - 02/02/12 04:15 PM Re: ATM Deposit Dispute - Statute of limitations pweiss
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
If he's complaining about the check not posting to his other account, it's a UCC question. The paying bank can elect to refuse payment if it's over 6 months old. If the check shows up two years after the fact, perhaps in image form, it could be dishonored.
John S. Burnett
Fighting for Compliance since 1976
Bankers' Threads User #8

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#1659781 - 02/02/12 04:23 PM Re: ATM Deposit Dispute - Statute of limitations pweiss
HappyGilmore Offline
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Joined: Jun 2004
Posts: 19,794
Pulling people out of the ditc...
You may want to also look at your deposit contract and see what you tell the customers for disputes of this nature.
Providing alternative truths since the invention of time

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