ACH Stop Pay

Article ID: 68279  

Question
How does a stop payment work on an Automatic Clearing House (ACH) or Electronic Payments? What if I only authorized one payment?

Answer

If you submit a stop payment on an ACH and the merchant enters a different amount than what you requested, the transaction will process.   Once you complete the verification process for an ACH, the only way to stop future payment requests is to close the checking account.  Please review the Truth in Savings on our website located under the disclosures link.


Article Details
Views: 3096 Created on: Aug 05, 2015