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.

Updated: May 2019

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

Length: 15 min

ABA Training