Reg E Preauthorized Transfers

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Explains the requirements to authorize a preauthorized electronic fund transfer from a consumer's account. Describes compulsory use and the stop payment of a preauthorized electronic fund transfer, including notification to the bank orally or in writing.

Reviewed: March 2017 (no updates necessary)

Learning Objectives

After completing this course, students will be able to:

  • Define a preauthorized transfer
  • Clarify the stop payment rules applicable to preauthorized transfers from an account
  • Explain the disclosure requirements for preauthorized transfers

Audience

Any frontline or back office personnel responsible for managing preauthorized transfers including direct deposit.​​​​

​Course Credits


 


 


 


 


 


 

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​​Questions? Please contact training@aba.com for more information.
 

 Benefits of Self-Paced Training

 
  • Ultimate flexibility
  • Quizzes to support learning
  • Mobile format available
 

 Frontline Compliance

 
This course is available to ABA Member banks at no cost under a license agreement. Learn more
 

 Registration & Pricing

 

ABA Member  • $35
Non-Member • $55

 

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