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#1208331 - 06/26/09 02:04 PM TELEPHONE TRANSFER
maggie mae Offline
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Joined: Dec 2005
Posts: 75
Suffolk County, New York
Is a request by telephone to transfer funds by speaking to a branch employee, rather than an automated telephone banking system, qualify as an electronic transaction under Reg E?

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eBanking / Technology
#1208342 - 06/26/09 02:11 PM Re: TELEPHONE TRANSFER maggie mae
Skittles Online
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Skittles
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Posts: 13,965
TN
It does count as an EFT for Reg D purposes, if that's what you're asking. So does the automated telephone banking system, though.
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#1208351 - 06/26/09 02:18 PM Re: TELEPHONE TRANSFER Skittles
maggie mae Offline
Member
Joined: Dec 2005
Posts: 75
Suffolk County, New York
I was thinking more toward Reg E for error resolution.

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#1208370 - 06/26/09 02:28 PM Re: TELEPHONE TRANSFER maggie mae
Skittles Online
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It doesn't count toward Reg E. Check out 205.3

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