Skip to content

ACH Stop Payments

Answered by: 

Question: 
If a consumer wants to put a stop payment on an ACH item, but it’s already posted, all we have to do is return it, right?
Answer: 

Not exactly. If the consumer wants a stop payment, and the entry already posted, definitely return the entry (with a WSUD), but discuss a future stop with the consumer. They may still want to initiate a stop payment in the event the business attempts to reclear the entry.
-----------------------------
Learn more about Rayleen Pirnie webinar
What ACH Sticky Situations: Handling Consumer ACH Disputes

First published on 02/17/2019

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