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Permission from Business to Return Funds

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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?

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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