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#1775756 - 01/12/13 04:39 PM MO - Right to SetOff
Wishful Thinker Offline
Member
Joined: Dec 2008
Posts: 76
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 Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 79,618
Galveston, TX
The account is closed and NACHA rules require that the ACH transaction be returned as such.
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#1810632 - 05/03/13 01:43 PM Re: MO - Right to SetOff Wishful Thinker
Zer0 Offline
Member
Zer0
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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