This is one area that has always been unclear to me, as well. It is possible they are trying to debit then account and just not posting a memo? I also wonder if like with a bounced check, the person trying to process may absorb a fee for failure? Anyone know?
I think some borrows close their linked account to prevent withdrawals. There used to be a "payment failed due to account issue" type memo, but I don't think I've see it used in a while. Once that happens, no point in trying to debit it.
I think some borrows close their linked account to prevent withdrawals. There used to be a "payment failed due to account issue" type memo, but I don't think I've see it used in a while. Once that happens, no point in trying to debit it.