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#2245686 - 11/19/20 10:22 AM Telephone ACH Confirmation
terpsfan Offline
Diamond Poster
Joined: Feb 2007
Posts: 1,909
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
Member
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.
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