Fees for ACH Revoke
Date: Tue, 10/30/2012 - 20:58
I've been reviewing a number of sites and banks to see if fees can be charged when revoking an ACH authorization. Depending on the bank fees can be charged.
I've seen a few banks that do not speak of fees for ACH revoke, but clearly speak about stop payment fees. I've also seen a few banks that have revised their stop payment request form to now include an ACH revoke request. On those forms the bank clearly states that fees will be charged.
Although I believe we shouldn't have to pay any fees, one should be prepared to do so depending on your bank.
I've seen a few banks that do not speak of fees for ACH revoke, but clearly speak about stop payment fees. I've also seen a few banks that have revised their stop payment request form to now include an ACH revoke request. On those forms the bank clearly states that fees will be charged.
Although I believe we shouldn't have to pay any fees, one should be prepared to do so depending on your bank.
Well, as far as I know, Stop Payment orders attract fees while A
Well, as far as I know, Stop Payment orders attract fees while ACH revocation is free of cost. Can you cite some source from which you gathered this information?
I worked for Wells and there is no charge for ACH revocation. T
I worked for Wells and there is no charge for ACH revocation. The customer should not be charged a fee...since you revoked the ACH rights, any ACH's that submitted are fraudulent and unauthorized.
I just turned in all of of my ACH revocations with Chase and was
I just turned in all of of my ACH revocations with Chase and was not charged a fee, for anything.
That fee should be for the stop payment...not the ACH revocation
That fee should be for the stop payment...not the ACH revocation. No fees should be charged for this. Some dumb ass who didnt understand the different wrote up this forum.