GroundRules
31 CFR 363.38: What happens if my financial institution returns an ACH debit?
Where this section sits in the code
- Title 31—Money and Finance: Treasury
- Subtitle B—Regulations Relating to Money and Finance
- CHAPTER II—FISCAL SERVICE, DEPARTMENT OF THE TREASURY
- SUBCHAPTER A—BUREAU OF THE FISCAL SERVICE
- PART 363—REGULATIONS GOVERNING SECURITIES HELD IN TREASURYDIRECT
- Subpart B—General Provisions Governing Securities Held in TreasuryDirect
If your designated financial institution returns an ACH debit, we reserve the right to reinitiate the debit at our option. We also reserve the right to reverse the transaction, thereby removing the security from your TreasuryDirect ® account. If the ACH return occurs after the security has been redeemed, transferred, or has matured and the proceeds paid, we reserve the right to reverse previously processed security transactions. We are not responsible for any fees your financial institution may charge relating to returned ACH debits.
Collected 2026-08-27T02:25:25Z. Source file · JSON