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BankersOnline.com Forums State-Specific Compliance Issues Indiana US Treasury Tax Refund & Right of Off-set
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#1757542 - 11/13/12 07:51 PM US Treasury Tax Refund & Right of Off-set
lherb Offline
Member
Joined: Oct 2007
Posts: 78
Indiana
Is it permissible to apply a customer's Tax Refund (trying to be deposited ACH to a Closed Savings Acct), to a charged off Checking Account? Thanks for any help.

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#1757719 - 11/14/12 10:03 AM Re: US Treasury Tax Refund & Right of Off-set lherb
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,363
Galveston, TX
NACHA rules would require that the item be returned as the account to which it is payable no longer exists.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#1757767 - 11/14/12 02:26 PM Re: US Treasury Tax Refund & Right of Off-set lherb
lherb Offline
Member
Joined: Oct 2007
Posts: 78
Indiana
Thank you!

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