ACH Recall definition
ACH Recall. This is an attempt to manually request the funds back from the receiving financial institution. This option is available six or more days after the paid date of the payment. The fee is $110 per transaction. An outcome is received from our bill pay provider within 14 Business days. Unauthorized Bill Pay Transactions. For Consumer accounts ONLY, see the In Case of Errors or Questions about your Electronic Funds Transfers (Error Resolution) section.
Examples of ACH Recall in a sentence
Manager shall respond to any ACH Recall Notice received from the U.S. Treasury within [***], and any ACH Recall Notice received from any ODFI within [***].
Failure to comply with the above requirements for any reason shall result Manager’s payment of a [***] penalty fee to ▇▇▇▇▇▇ for each untimely response to a U.S. Treasury ACH Recall Notice, and a [***] penalty fee to for each untimely response to an ODFI ACH Recall Notice.