Does anyone know where I can find written guidelines for large $ return notification? We're trying to find out if a phone call the bank of first deposit is a valid notification.

I would post this in the operations forum. If I knew the answer I would be happy to help.

I thought I should but I figured that so many people read these that I'd have better luck here. Thanks.

haha, Ric30, i did somethgin liek this once. i posted a really important question in one of the other forums and wasn't gettign help, so i posted a very grumpy message here since this is where everyone was. i got help after that!

is this an ach question? did you try searching the nacha.org webssite?

You mean there are places you can actually talk about work-related stuff?!

It's not an ACH thing. It's a deposited item returned problem. A check that we received today in our returns from the Fed.

I know I looked this up last year, but I don't remember where (maybe it was a UCC thing?). A phone call is considered notice, but there isn't great documentation so it isn't what I'd do unless there were severe system problems to keep me from other means.

Darkhorse

both ucc4 and reg cc address this, and a notice via phone call or online (fedline) constitutes notice of return, so this ensures that the returning bank is not penalized with a late return. It is not optional on items over $2500, but mandatory.