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Posted: Tue Jul 15, 2008 9:55 am Subject: REVOKING ACH AUTHORIZATION

Is it possible to revoke ACH authorization on legal CSO's and PDL's in Texas to stop the withdraws from your bank account so that you can have some barganing leverage?

Posted: Tue Jul 15, 2008 10:05 am Subject:

ACH withdrawals are voluntary and can be revoked at anytime.
Requiring them as the only form of payment accepted is a violation of Federal Law.

Posted: Tue Jul 15, 2008 10:12 am Subject:

THANKS!!!!!!!!!!!! I read the article that you recommended and found it quite helpful.

Posted: Tue Jul 15, 2008 10:13 am Subject:

According to the electronic funds transfer act, you can revoke ANY type of ACH transaction...legal or otherwise. Just give them PDL/CSO written notice once the account is closed.

Posted: Tue Jul 15, 2008 10:25 am Subject:

Does the written notice need to be by registered mail or can it be by fax????

Posted: Tue Jul 15, 2008 10:33 am Subject:

It is always best to use registered mail. Faxes get tossed by accident or on purpose all the time. In my office I am constantly picking up other peoples faxes