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Silly Season: ACH & Tax Refunds

1.8 AAP/APRP Credits

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

Who should attend: This session is ideal for ACH Operations, AAP Candidates, and Audit & Compliance staff.

Enroll now

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