Q - What is an ACH transfer reversal?
An ACH transfer reversal is when a requested fund transfer is cancelled. ACH reversals may occur under the following conditions: insufficient funds, account is non-ACH eligible, duplicate transaction, or a declined transfer.
When an ACH transfer is reversed, funds will return to the originating account and your Alpaca account will be charged a $30 return fee. Reversal fees are charged by Electronic Transaction Clearing (ETC), who is Alpaca’s clearing partner and as such, Alpaca is not authorized to waive fees after they have been charged to your account.
NOTE: To prevent an ACH transfer reversal, we recommend doing the following prior to initiating an ACH:
- Verify your bank account information and that the account is eligible for ACH transfers
- Confirm that you have sufficient funds in your account to cover the ACH transfer