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#1351497 - 03/03/10 03:46 PM Is Online bill pay subject to new Reg E?
Gotwood Offline
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Joined: May 2001
Posts: 715
our bank offers online bill pay within our online banking platform. the customer completes the name,address, amount, and date of transaction information. If the bank can make the transaction electronically, it will. otherwise, it cuts a check.

Am I correct in assuming that if the payment is made electronically and customer did not opt-in, we can't process? But if made by check, we can? I hadn't thought about this area before. Any advice would be appreciated.

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eBanking / Technology
#1351659 - 03/03/10 05:47 PM Re: Is Online bill pay subject to new Reg E? Gotwood
BrianC Offline
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BrianC
Joined: Nov 2004
Posts: 6,685
Illinois
The Reg E change ONLY applies to ATM/Debit Card transactions. If you have a courtesy overdraft program and choose to pay an electronic bill payment through this program, you may do so and charge a fee without a customer's opt in.
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