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Multiple payments of an item

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Question: 
What is meant by “multiple presentments” of an item?
Answer: 

Multiple presentments of a check can occur when a check payee makes a mobile deposit of the check and, mistakenly or fraudulently, deposits the same check one or more additional times. Multiple presentments can also happen when a check is returned unpaid by the paying bank, and the payee redeposits the same check one or more times, in original or substitute check form or as an ACH check conversion. Regardless of how they occur, multiple presentments can result in overdrafts, multiple fees, or both, depending on the paying bank’s systems.

First published on 05/19/2024

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