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Written Statement of Unauthorized Debit
Contributed by:VP‚ Compliance/BSA/Legal
Asset size: Bank with under $250m
Location: Midwest
Description: ACH Written Statement of Unauthorized Debit is in "form" fill in the blanks with tabbing capabilities. Has revised data in form for compliance. Third party auditors accepted this form for being in compliance.

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MORE PEER CONTRIBUTED DOCUMENTS:

20 Documents 16 Answers 1 Exam Watches 32 Vendor Reviews

ACH Written Statement of Unauthorized Debit Form
Asset size: with between $250m - $500m
Description: This section is used to return prior posted ACH transactions only. This section can also be used to place a Stop Payment on all future transactions at the same time. Multiple debits from the same debiting company may be listed on one form. The company must match exactly for multiple items to be returned from the same form. This form must be signed and dated ON or AFTER the item in question posts to the Customers account. Items will not be returned until a signed form is received. Return Prior Posted Transactions Stop All Future Transactions (Please contact the Originating Company to revoke authorization immediately. Bank may require written proof.) 1. Account and Transaction Information Name: Account Number: Amount(s) and Date(s)of Debit(s): Company Name Debiting the Account(as shown on Statement):
Written Statement for Unauthorized Debit
Asset size: with over $1b
Description: This document serves as a written statement under penalty of perjury for an improper/unauthorized debit. It includes RCK, ARC, BOC and POP entries.
ACH WSUD form
Asset size: with under $250m
Description: This is the ACH Written Statement of Unauthorized Debit form, to be used when a consumer reports a problem with an ACH transaction. This form contains a unique area to address those areas when a customer has a recurring trasaction and has revoked their authorization prior to the next presentment.


RELATED QUESTIONS AND ANSWERS:
Q
Modified WSUD form
Asked by: Manager,‚ Back Office/Deposit Operations
Asset size: Bank with
Location:TX

Is anyone willing to share the updated/modified Written Statement of Unauthorized Debit form?
A
Answered by:SVP, ‚ Compliance/BSA/Legal
Asset size: Bank with under $250m
Location: MO

If you do a Bing or Google search on Written Statement of Unauthorized Debit (WSUD) you s...
Q
“White Plastic” debit card fraud
Asked by: SVP,‚ Compliance/BSA/Legal
Asset size: Bank with
Location:TX

With the current “White Plastic” debit card fraud, I need a refresher on debit card liability limits in giving provisional credit to customers.

Reg E speaks to “If the consumer notifies the financial institution within two business days after learning of the loss or theft of the access device, the consumer's liability shall not exceed the lesser of $50 or the amount of unauthorized transfers that occur before notice to the financial institution…"

The customer has possession of the card,it is not lost or stolen. How is your institution handling these losses. We are finding that the "white plastic" card is swiped and a receipt is generated which the fraudster signs. We are unable to file an unauthorized debit card transaction through our processor because the "card" was present at purchase. We are taking the losses.

All answers are gratefully accepted… Debby
A
Answered by:VP, ‚ Back Office/Deposit Operations
Asset size: Bank with between $250m - $500m
Location: FL

As the others stated it is part of the cost associated with providing debit cards to cust...


RELATED EXAM EXPERIENCES:
FDIC - Compliance | February 2013
exam experience posted by a CCO‚ Compliance/BSA/Legal from member with under $250m in assets
Asked for particular verbiage to be included in our Master Flood policy regarding Biggert Waters.

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