Originally Posted by
josephstern
A denial for lack of funds is different than a denial based on account type or setup. I really don't think that's the same issue at all.
Yeah, but the mere fact is there's a system for denials in place, it's not automatic approval.
A bank could likely deny for any reason they see fit, including account restrictions.
For example, at work all our ACHs and checks are "positive pay". Meaning if we didn't authorize the exact amount, and for checks, payee and check #, in a pre-transmitted file, we have so many hours to approve it before they will reject it. Most business checking accounts are this way too to prevent you from ACH (Stealing) out of a high volume accounts payable account hoping nobody will notice.