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#1775756 - 01/12/13 04:39 PM MO - Right to SetOff
Wishful Thinker Offline
Joined: Dec 2008
Posts: 77
In the state of Missouri, if you have a charged-off DDA account and an ACH Soc Sec direct deposit came in for that customer, can you use the funds from that Soc Sec direct deposit to offset the DDA charge-off you have on that customer?

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#1775760 - 01/12/13 07:13 PM Re: MO - Right to SetOff Wishful Thinker
rlcarey Online
10K Club
Joined: Jul 2001
Posts: 82,124
Galveston, TX
The account is closed and NACHA rules require that the ACH transaction be returned as such.
The opinions expressed here should not be construed to be those of my employer:

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#1810632 - 05/03/13 01:43 PM Re: MO - Right to SetOff Wishful Thinker
Zer0 Offline
Joined: Apr 2013
Posts: 79
Yeah I don't think you would want to mess around with Social Security funds anyways.

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