ACH Reversal Rules: Everything you Need to Know !
ACH reversal rules refer to the procedures used when a previously authorized ACH payment (such as an electronic check or direct deposit) needs to be reversed or canceled. These rules are in place to provide protection for all parties involved in the transaction and ensure that any potential errors can be corrected quickly and efficiently. Understanding how ACH reversals work is important for both businesses and individuals who use ACH payments as part of their routine banking activities.
What Is ACH Reversal Rules?