Original publication date: August 24, 2020
Question:
After six violations in a month, the account is blocked. Is there a webhook we can generate to alert the customer?
What happens to the account after it is blocked?
Answer:
The account is restricted and incoming ACH debits will be returned with an R20 return code (non-transaction account), until the six transfer limit resets the next month.
For more information, see: https://www.sec.gov/fast-answers/answers-regdhtm.html