Dealing with ACH Tax Refunds: Exceptions, Posting & Liabilities
This session is designed to ensure that your processing of ACH tax refunds is efficient and more importantly protects your financial institution from losses associated with incorrect handling of these types of payments. (Rec. 2/9/22)
Recorded: February 9, 2022
The IRS issues over 101 million tax refunds on a yearly basis and over 80% of these are via Direct Deposit. The average refund amount is over $3,000. Each spring financial institutions are faced with the challenges associated with exception processing related to ACH tax refund payments. This session is designed to ensure that your processing of ACH tax refunds is efficient and more importantly protects your financial institution from losses associated with incorrect handling of these types of payments.
Our conversation includes:
- Name/account number mismatches
- Deceased recipients
- Posting to incorrect accounts
- Other exception items
This session is ideal for ACH Operations, AAP Candidates, and Audit & Compliance staff.
- Your registration includes:
- A copy of the presentation materials
- Unlimited video replay
Refund Policy:
If you will have any issues with attending the simulcast, we offer a No Questions Asked Refund Policy any time before the start of a live simulcast.
CBANC Complaint Policy:
The goal of CBANC Education is to provide quality educational content and excellent service to our users. If you have any questions or concerns regarding the quality of our content or service, please contact us at support@cbancnetwork.com.