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Unintended credit to receiver

Question: 
Our business customer sent a reversal to correct a credit entry they accidentally sent, but the RDFI returned the correcting debit. Can we do anything?
Answer: 

Yep. That constitutes an unintended credit to the receiver. We’ll take a look at that collection process and discuss, from the ODFI and RDFI perspective, what to expect and how to handle these situations.
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Learn more about Rayleen Pirnie’s webinar
ACH Basics: Part 3

First published on 03/26/2017

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