Posted By: 52OPS
ACH Stop Payments - Business Accounts/Non-Consumer - 05/25/16 03:19 PM
What is the maximum Expiration Date to be used when a Business Customer wants to place a Stop Payment on an ACH transaction being originated to their business account?
I have been informed that the expiration date should be set no longer than 6-months from the date of the Stop Payment Order unless previously withdrawn by the non-consumer or the debit entry was returned by the Bank.
I have been informed that the expiration date should be set no longer than 6-months from the date of the Stop Payment Order unless previously withdrawn by the non-consumer or the debit entry was returned by the Bank.