Answer:
It's a risk-based decision. The chances of the item showing up diminish over time. At some point, it's a waste of time, money and system resources to retain older stop orders.
First published on BankersOnline.com 5/7/12
Remove ACH Stop Payment Early from System
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Question:
I recently attended a webex that was discussing ACH Stop Payments and they stated that a "Forever" ACH Stop Payment may be removed from our computer system earlier (2 yrs, 3yrs, 5yrs or whatever is decided by the institution) if it is bogging down your system. Is this correct?
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