Having worked in the payments industry, there are some common things people don't know. ACH transactions can be reversed unlike Wires. You can ask your bank within 60 days of receiving your bank statement, to dispute an unauthorized transaction. This is not the case for wires. The bank does not need debit authority to pull back an ACH unlike a wire. You must send in an WSUD form which is a written statement of an unauthorized debit. The bank must act on it. Also, don't allow anyone or any entity to pull from your account - like the Electronic Company. What if these entities were hacked and that information was made public. Push your payments and control your money. Happy to answer any questions.
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Having worked in the payments industry, there are some common things people don't know. ACH transactions can be reversed unlike Wires. You can ask your bank within 60 days of receiving your bank statement, to dispute an unauthorized transaction. This is not the case for wires. The bank does not need debit authority to pull back an ACH unlike a wire. You must send in an WSUD form which is a written statement of an unauthorized debit. The bank must act on it. Also, don't allow anyone or any entity to pull from your account - like the Electronic Company. What if these entities were hacked and that information was made public. Push your payments and control your money. Happy to answer any questions.
Post: Financial Fraud
Link to comment from September 5, 2026