Could anyone tell me if it is required to disclose in a Deposit Account Agreement the limitations on ACH CCD debit transactions? Have been researching and I see it on some deposit agreements, but not all I have looked at has it mentioned in their disclosure.

What limitations? What type of accounts?

The fact that if returning a corporate debit transaction (CCD) via ACH, it must be returned within 24 hours of posting. Does this have to be disclosed in the deposit account agreement given at account opening.

Unless you want to deal with a customer and their lawyers, why would you not want it covered in your contract. That being said, there are a ton of pieces of depositor contract langauge that is not required by any law or regulation and is or is not used by various institutions. It is just a matter of deciding what langauge is appropraite for your institution in managing the relationship and legal risks.

Thanks for your input. I appreciate it.