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#2135816 - 06/26/17 04:32 PM How to Request Return of an ACH Credit
52OPS Offline
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Joined: Apr 2008
Posts: 199
Our institution originated an ACH Credit (PPD) to a business account at another FI on 6/12/17 using an incorrect account number at the RDFI.

It appears that the 5-business day rule to initiate an ACH Reversal has passed. What recourse does the Bank have to obtain the return of the ACH credit so that we can send it to the correct account?

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#2135836 - 06/26/17 05:27 PM Re: How to Request Return of an ACH Credit 52OPS
HappyGilmore Offline
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Joined: Jun 2004
Posts: 19,337
Pulling people out of the ditc...
contact the ACH department of RDFI, explain the situation, and ask if they will return using R06, you will need a letter of indemnification for them.
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#2135908 - 06/26/17 08:20 PM Re: How to Request Return of an ACH Credit HappyGilmore
52OPS Offline
100 Club
Joined: Apr 2008
Posts: 199
Yep, that's what I thought but wanted to check to see if there was any other avenue.

Thank you.

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