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How does a recipient return funds overdrawn in ASAP?

The recipient may:

Option 1: Enter an ACH return in ASAP.gov (ACH Instructions for Returning Funds in ASAP link to new Treasury document) within 32 days of original payment if ACH Debits are allowed against the recipient’s bank account; or

Option 2: Have their financial institution return the payment to ASAP via ACH within 2 banking days from the settlement date of the original payment; or

Option 3: Have their financial institution use Fedwire to return the full amount or a partial amount. NOTE:  Any funds returned to an ASAP account cannot exceed the Cumulative Authorized Amount for that account.

Option 4: Return funds to the Service by paper check. This process should be used as a last resort if other options are not possible. Contact your Service project officer for more information regarding this option.

Note:  See Treasury’s Making Adjustment and Returning Funds to ASAP instructions.  The Service does not allow Book Entry Adjustments.  Also, see FBMS Technical Bulletin Vendor/Grant Credit Memos.

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