Do you think an ACH can be rejected (incurring reject fees) if we verify the balance ahead of time?

Of course, it can. Let’s say a couple has US$ 2,000 in the account. The husband decides to send US$ 1,000 to his parents in India. You do a balance check and it shows you US$ 2,000. Unbeknownst to the husband, the wife earlier wrote a check for US$ 1,200 that was cashed later on that day. Now the available balance would be US$ 800. When the ACH file is sent for processing later in the evening. It will be an NSF (Non-Sufficient Funds). This is just one example.

Suggested Video(s)

—

This page was last updated on February 23, 2023.

–

Related posts:

  1. If we are doing a balance check, do we also need to do a bank account verification? I think the balance check may be sufficient. Please advise.
  2. Once we are ready to sign and go ahead, how long does it take for the contract to start?
  3. How can you tell if the balance being converted to cash is from a credit card, a debit card, a gift card, or a prepaid card?
  4. ACH Chargebacks in the US (for Money Transfer Operators)
  5. After we launch, can I increase the ACH limit to suit my client’s needs?
Share with others...