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Wait 7 Days if ACH Loss & Give Immediate Credit?

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Question: 
If the bank decides to take a loss on an ACH item and gives the customer immediate credit, is the bank still required to wait 7 business days before notifying the customer of final credit?
Answer: 

No, you can do it right away and be done with it.

First published on BankersOnline.com 2/18/13.

First published on 02/18/2013

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Filed under technology as: 

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