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If someone hacks your business checking account, you have 24 hours to detect and report the unauthorized transfer. After that, the UCC doesn't require the bank
by MichaelBurge 10y ago
If someone hacks your business checking account, you have 24 hours to detect and report the unauthorized transfer. After that, the UCC doesn't require the bank to give you your money back.
And yet every business has a checking account, and many aren't that diligent about checking it every 24 hours.