Most online cash advance agreements require authorizing recurring **Automated Clearing House (ACH)** debits from your checking account. Under the **Electronic Fund Transfer Act (EFTA / Regulation E)**, consumers retain the legal right to revoke debit authorizations and protect their accounts from unauthorized transfers.
1. Steps to Revoke ACH Debit Authorization
- Notify the Lender in Writing: Send formal written notice stating that ACH authorization is revoked effective immediately.
- Notify Your Financial Institution: Inform your bank at least three business days before a scheduled debit that authorization has been cancelled.
- Issue a Formal Stop-Payment Order: If the lender attempts an unauthorized withdrawal, submit a formal stop-payment request with your bank under UCC § 4-403.