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#2080297 - 05/25/16 03:19 PM ACH Stop Payments - Business Accounts/Non-Consumer
52OPS Offline
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Posts: 199
What is the maximum Expiration Date to be used when a Business Customer wants to place a Stop Payment on an ACH transaction being originated to their business account?

I have been informed that the expiration date should be set no longer than 6-months from the date of the Stop Payment Order unless previously withdrawn by the non-consumer or the debit entry was returned by the Bank.

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#2080361 - 05/25/16 05:25 PM Re: ACH Stop Payments - Business Accounts/Non-Consumer 52OPS
HappyGilmore Offline
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Pulling people out of the ditc...
is the customer placing a one-time stop or a permanent stop? because ACH allows both. if one-time, it stays until the next item matching it is made and returned. if permanent, it never comes off unless the customer comes in to remove it.
Providing alternative truths since the invention of time

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#2080585 - 05/26/16 02:54 PM Re: ACH Stop Payments - Business Accounts/Non-Consumer 52OPS
John Burnett Offline
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John Burnett
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Cape Cod
Permanent stops are available only to consumer accounts.

You have the right info, 52OPS. The earliest of (1) six months (unless renewed before expiration) from date of stop, (2) cancellation of the stop, or (3) return of the debit item by reason of the stop order.
Last edited by John Burnett; 05/26/16 02:54 PM.
John S. Burnett
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