Reg E Preauthorized Transfers

Course Number: ABA

Course Code: ABA

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. 

What You’ll Learn

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.

Prerequisites: None

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Member Price: $35.00
Non-Member Price: $55.00
Textbook Charge: $0.00

Credits: 0.25 CFSSP, CRCM


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