Is a late ACH return an automatic loss?

Answered by:

Question:

If we miss the ACH return deadline, do we just have to write off the loss?

Answer:

You can write it off, but you may not have to. Some extenuating circumstances can allow for late returns. Other situations may warrant a call to the ODFI for permission to return late, or you can collect out of the network. The ODFI’s liability for transactions is governed by state law; that makes them liable for transactions to up to 7 years in some states!
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ACH Basics: Part 3