| Title: | ACCURATE BANKING INFORMATION ON THE ACH APPLICATION FORM |
|---|---|
| Date: | 1992-08-01 |
| To: | abi |
| Links: | previous, next |
THERE HAS BEEN AN INCREASE IN ACH APPLICATION FORMS HAVING INCORRECT
BANKING DATA. WHEN ACH TRANSACTIONS ARE PROCESSED AGAINST SUCH ACCOUNTS,
THEY ARE RETURNED BY THE PAYORS BANK CAUSING BOTH CUSTOMS AND MELLON
BANK (ACH CLEARING HOUSE BANK) UNNECESSARY MANHOURS TO COLLECT THE DUTIES
OWED. THEREFORE, TO MINIMIZE POSSIBLE ERRORS IN BANK ACCOUNT INFORMATION
AND STEM RESULTANT ACH TRANSACTION PROBLEMS, WE ARE REQUESTING THAT ALL
ACH APPLICATIONS BE ACCOMPANIED BY EITHER A CHECK SPECIFICATION SHEET OR A
COPY OF A VOIDED CHECK. A CHECK SPECIFICATION SHEET, PREFERRED OVER A
VOIDED CHECK, IS COMPLETED BY THE PAYORS BANK AND CAN BE PROVIDED FOR ANY
TYPE TRANSACTION ACCOUNT. THIS WILL ENSURE BOTH CUSTOMS AND THE PAYOR THAT
MELLON BANK IS RECEIVING ACCURATE BANK ACCOUNT INFORMATION. QUESTIONS CAN
BE DIRECTED TO YOUR CLIENT REPRESENTATIVE.