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Permission from Business to Return Funds

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Question: 
When another financial institution requests that we return a credit sent to one of our business accounts, do we need to get permission from the business owner to return the funds?
Answer: 

What sort of credit? Most credit transactions are final at the time of crediting. You could not legally debit a customer's account to return the credit in most of these situations, but more detail to the question is required.

First published on 03/23/2015

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