Cryptocurrency Q&A
Can you reverse a same day ACH?
Can you reverse a same day ACH?
BonsaiGrace
Tue Dec 17 2024
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5 answers
778
I made a same-day ACH transfer, but now I need to reverse it. Is it possible to cancel or reverse a same-day ACH transaction? If so, how can I do it?
5 answers
Stefano
Thu Dec 19 2024
According to these rules, reversals are only permissible within a five-business-day window following the transaction date.
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CryptoWizard
Thu Dec 19 2024
Beyond this period, requests for reversals are not entertained, adhering to a strict timeline to maintain financial system integrity.
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Rosalia
Thu Dec 19 2024
There are three specific circumstances under which an ACH reversal can be approved.
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Federico
Thu Dec 19 2024
The National Automated Clearing House Association, also known as NACHA, enforces stringent regulations concerning ACH reversals.
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lucas_lewis_inventor
Thu Dec 19 2024
One such scenario is when the payment amount does not match the intended dollar figure. This discrepancy necessitates a reversal to rectify the error.
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