Telecheck Code 3
I opened my business on June 1, 2011 and have written approx 45 checks since opening.Today, June 22, 2011, I wrote a check for $9.23 and Sam's Club would not accept the check because it was "denied" by Telecheck (CODE 3).
When I called Telecheck I was told that, even though I had adequate funds in my checking account, my account showed an unusually high number of checks written in the past two weeks, and this causes a warning indicator in their system; therefore the check was denied. After several discussions we reached an impasse ... I wanted assurance my future checks would NOT be declined by Telecheck; their response was to write another check, and if declined, to call them.
I do not feel Telecheck has the right to control how I spend my money to run my business.
Monetary Loss: $9.