ACH DEBIT POSTINGS
Posted
11/14/2008
Each morning, pre authorized automatic debit transactions are posted. If there are not sufficient funds, the transaction is rejected. Unfortunately, our system will not show the transaction that rejection until midmorning. This leaves a window that would make it look as though you would still have time to deposit money into the account to cover the auto debit since you will not see the rejection until later in the day. This is not the case. Once the transaction initially tries to hit (early morning) the account and the funds are not available, your automatic debit transaction will be rejected. To avoid a rejected (non-sufficient funds) automatic debit, please make your deposits before the scheduled date of your automatic debit.
|
|
