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What a prenote can do

Question: 
Our customer wants to verify who owns an account. Can a pre-notification do that?
Answer: 

No. An ACH pre-notification only verifies that an account is open, the account type, and that the account can accept transactions. It does not verify ownership or rights to the account.
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Learn more about Rayleen Pirnie’s webinar
ACH Basics: Part 3

First published on 04/09/2017

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