What length of time can a consumer “charge back” an ACH transaction after it has been submitted?
In the ACH industry a “charge back” is called a “Return.” ACH rules allow a consumer 60 calendar days (includes weekends and Holidays) to contest a transaction.The 60 days start the day after the money is withdrawn from the consumer’s account. This could be up to 4 business-banking days after the original transaction.After the 60 days, it may take up to 4 business banking days for the return to be received by Fast Charge. The merchant is informed of the return the same day Fast Charge receives it. If the bank has trouble identifying the return, it may be a couple of weeks before Fast Charge receives it and informs the merchant.
In the ACH industry a “charge back” is called a “Return.” ACH rules allow a consumer 60 calendar days (includes weekends and Holidays) to contest a transaction. The 60 days start the day after the money is withdrawn from the consumer’s account. This could be up to 4 business-banking days after the original transaction. After the 60 days, it may take up to 4 business banking days for the return to be received by WonderPay Software. The merchant is informed of the return the same day WonderPay Software receives it. If the bank has trouble identifying the return, it may be a couple of weeks before WonderPay Software receives it and informs the merchant.
