If there is a “Fraud Notice” on the wire, the wire is reported to our compliance team for further review who will then decide whether to approve or decline the wire.
ACH/Checks/Wires/Ledger
How does Synctera handle end-customer errors on incoming wires?
When we receive wires that need manual intervention because a fraud alert has been raised, or an account number does not match an existing account in the system, name does not match or an incorrect transaction code has been used in the transaction (i.e BTR), we take the following steps:
What formats are accepted for check deposits?We know that direct deposit is a type of ACH. Is there any benefit or difference between setting up direct deposit vs the payer executing an ACH push?