In this video, we dive into the topic of ECS (Electronic Clearing Service) bounces and their legal implications. We explain what ECS bounces are, why they happen, and how many times an ECS transaction can fail before legal action is triggered. You'll learn about the typical thresholds for triggering legal consequences, what steps can be taken to avoid such situations, and what actions creditors might take after repeated ECS bounces. Whether you're a business owner, a debtor, or simply curious about banking regulations, this video offers a clear breakdown of how ECS bounces can escalate into legal matters.
