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Wrong Routing # When Check Scan Is Rejected

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In April 2013, a teller errantly entered the wrong routing number when a check she was scanning rejected. In Jan 2014, the FI whose routing number was errantly entered is now asking us to issue them a credit for this item. Is the FI within their time frame to ask for reimbursement? What regulation does this matter fall under.

The Federal Reserve Bank Services Check Quick Adjustment Guide indicates that a "Not Our Item" claim can be brought directly against the depositary bank within one year. It appears that the claim is timely. If you are able, resubmit the item correctly to the proper institution.

First published on 03/31/2014

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