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I have received a mail with a subject line that says “Transaction rejected”. What does it mean?

April 26, 2017line mail mean received Subject

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I have received a mail with a subject line that says “Transaction rejected”. What does it mean?

1 Answer

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This might happen when the bank account (ACH) details ( ABA routing number, account number, account type) provided by you while registering for e-transfer (ACH) are incorrect. In such a case, your request is rejected and returned by your bank in USA with the return type “R” and cannot be processed.The same is informed to you through an email. Click here to know more about “R” type returns.