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A consumer customer revokes their authority for a preauthorized ACH. The company debits the account anyway. The customer fills out a WSUD stating the revocation (although they are not required to). The bank cannot charge a fee for the revocation (if the claim is found to be valid) because the transaction was unauthorized (Supplement to 1005.11(c)(3).
1. Is this correct?
And because this was a preauthorized debit that was revoked, the bank must block all future payments per Supplement to 1005.10(c)(2). The bank cannot charge a fee to block future payments due to the transactions being unauthorized.
2. Is this correct?
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