Skip to content

ACH Debit Policy to Prevent ACH/NSF Fees

Answered by: 

Question: 
Are financial institutions allowed to implement an ACH debit policy that limits the number of ACH debits once the account has gone negative, in an effort to prevent substantial ACH NSF fees and potential losses?
Answer: 

Are financial institutions allowed to implement an ACH debit policy that limits the number of ACH debits once the account has gone negative.

Sure. Once the account goes negative, you return them all NSF. If you mean restricting future ACH transactions even if the account goes back positive, I would be just closing the accounts.

First published on 08/26/2018

Filed under: 
Filed under compliance as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics