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ECHO Returns and Adjustments Subcommittee Meeting Attachments September 16 & 17, 2015 Duplicate Survey September 16 17, 2015 Section 4 Attachment 1 2015 Duplicates Survey Welcome to the 2015 Duplicates
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Who needs eccho returns and adjustments?
01
Financial institutions and banks that have discrepancies in their electronic check processing
02
Organizations that need to make adjustments or corrections to their electronic check transactions
03
Businesses that have issued checks that need to be returned or reversed
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What is eccho returns and adjustments?
Eccho returns and adjustments are transactions related to electronic check presentments that are reported to the Electronic Check Clearing House Organization (ECCHO) for processing.
Who is required to file eccho returns and adjustments?
Financial institutions and businesses that participate in the electronic check presentment system are required to file eccho returns and adjustments.
How to fill out eccho returns and adjustments?
Eccho returns and adjustments can be filled out electronically through the ECCHO system using the required format and codes provided by ECCHO.
What is the purpose of eccho returns and adjustments?
The purpose of eccho returns and adjustments is to ensure accurate and timely processing of electronic check transactions and to facilitate the clearing of checks between financial institutions.
What information must be reported on eccho returns and adjustments?
Information such as check number, amount, account information, date of presentment, reason for return, and other relevant details must be reported on eccho returns and adjustments.
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