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.
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