How quickly can SS&C stop and re-issue a payment?

Modified on Tue, 31 Mar 2020 at 12:56 PM

Depending on the type of payment and the method issued, it can take up to 15 business days to stop a payment released by cheque, and send the proceeds by electronic transfer.

Payments cannot be made until confirmation is received that the cheque has been stopped with the issuing bank. Re-issues are sent via CHAPS.

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