How long does a consumer have to return a revoked or unauthorized transaction?

A consumer has 60 calendar days to return a revoked or unauthorized transaction according to the rules governing ACH transactions. This timeframe is essential for consumers to monitor their accounts and identify any unauthorized debit entries that they did not authorize.

When an unauthorized transaction occurs, consumers can initiate a return by providing a written statement to their financial institution within this 60-day window. This ensures that they are protected under the ACH rules, which are designed to safeguard consumer rights regarding electronic funds transfers. The 60-day limit allows consumers enough time to review their account statements and take action if discrepancies arise, thereby promoting accountability and security in electronic banking.

The other timeframes listed are not applicable under the current ACH rules for revocations or unauthorized transactions. Different types of transactions may have their own specific time limits for returns, but for unauthorized debits initiated through ACH, the 60-day window is the widely accepted standard.