Answer:
No, you can do it right away and be done with it.
First published on BankersOnline.com 2/18/13.
Wait 7 Days if ACH Loss & Give Immediate Credit?
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Question:
If the bank decides to take a loss on an ACH item and gives the customer immediate credit, is the bank still required to wait 7 business days before notifying the customer of final credit?
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