The provisional credit requirement is within 10 business days, not 10 calendar days. At the earliest 10 business days after 11/9/18 would be 11/23/18. The claim was denied before the 10 business day so no provisional credit was required.
Dispute in Writing-Provisional Credit 10 Days
I am reviewing a debit card dispute and it is one that we denied because after investigating, we found out the customer had signed up for this service, but I am still a little concerned with the way the provisional credit was handled. The bank received the dispute (in writing) on 11/9/18. The final letter was mailed on 11/21/18; however, no provisional credit was ever given. I was under the impression that if we received the dispute in writing, we need to give provisional credit within 10 days. Are we in compliance?
First published on 11/10/2019