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Personal vs. business account stop payment rules

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Are the stop payment rules different for business accounts than they are for consumer accounts?

Under the Uniform Commercial Code, they are the same. Under Regulation E there is clearly a difference, since business accounts aren’t covered by the regulation at all. And under NACHA rules, there are some differences in the period during which a stop order remains effective. NACHA also allows a financial institution to impose a requirement that a consumer’s stop order on a recurring ACH debit be received up to three business days before the debit is scheduled to post.


First published on 05/24/2020

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