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#2245686 - 11/19/20 10:22 AM Telephone ACH Confirmation
terpsfan Offline
Diamond Poster
Joined: Feb 2007
Posts: 1,912
NACHA rules say that how the customer can revoke the authorization must be included in the authorization but when it is being sent same day there would not be a way to revoke this authorization. What should be included in the notice in these instances?

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eBanking / Technology
#2255489 - 06/17/21 05:41 PM Re: Telephone ACH Confirmation terpsfan
MTW75 Offline
Joined: Apr 2007
Posts: 64
Lexington, Kentucky
There still must be a means to revoke the authorization, even if it is a very limited window (as you mention in the case of a Same Day Entry). If the Entry is recurring, it should be disclosed how to revoke the authorization within a certain timeframe to prevent the next (and following) Entry. The notice should provide the acceptable means and timeframes for an effective revocation.
"The words you say never seem to live up to the ones inside your head." Chris Cornell (Soundgarden)

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