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Rich Moldenhauer
Flagship Bank Minnesota

 
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16 Documents 17 Answers 6 Exam Watches 10 Vendor Reviews
 
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:
ACH Written Statement of Unauthorized Debit Form
Contributed by:Manager‚ Technology
Asset size: Bank with between $250m - $500m
Location: West
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
Contributed by:Manager‚ Back Office/Deposit Operations
Asset size: Bank with over $1b
Location: Midwest
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
Contributed by:Manager‚ Compliance/BSA/Legal
Asset size: Bank with under $250m
Location: Midwest
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 under $250m
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
E-Sign Requirement for E-Statements
Asked by: SVP,‚ Cash Management/Treasury Services
Asset size: Bank with over $1b
Location:IL

How are Banks, who are delivering E-Statements through their Online Banking system and no longer delivering paper statements, meeting the E-Sign Act requirement which requires you to verify the customer is able to receive, open, and read the statement prior to delivering the first live statement electronically?
A
Answered by:Technology
Asset size: Bank with between $250m - $500m
Location: ID

We have customers respond to an e-mail that we send them indicating that this is their co...


RELATED EXAM EXPERIENCES:
FRB - Compliance | July 2011
exam experience posted by a CCO‚ Compliance/BSA/Legal from member with under $250m in assets
We do very little advertising, but what little we did do was scrutinized for Reg Z compliance - to the nth degree.
FDIC - BSA/AML | June 2012
exam experience posted by a AVP‚ Compliance/BSA/Legal from member with between $500m - $1b in assets
About accounts with multiple debit cards (more than 5) and how we monitored and documented the monitoring.
FDIC - CRA | January 2013
exam experience posted by a CFO‚ Finance/Investments from member with under $250m in assets
None.

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