Check Returns

Posted By: Michelle

Check Returns - 08/18/20 01:33 PM

We have a member who fraudulently deposited funds to their account via ACH; it's part of the Unemployment scam throughout the country. Between the time of the deposit and us realizing the funds were fraudulent, the member wrote three checks. Our Fraud area is asking that we attempt to return the checks because they were drawn on fraudulent funds. I am not aware of a provision that will allow us to do this. Is there one?

Thanks,
Michelle
Posted By: Skittles

Re: Check Returns - 08/18/20 01:40 PM

Have the checks cleared the account?
Posted By: Michelle

Re: Check Returns - 08/18/20 02:48 PM

Yes, they cleared on July 26, 27 and 28th.
Posted By: Skittles

Re: Check Returns - 08/18/20 02:55 PM

You are correct - there is no provision to return the items. If you had wanted to do so it must have been within the 24 hour deadline.
Posted By: Michelle

Re: Check Returns - 08/18/20 03:30 PM

That's what I thought. Thanks for confirming!