Reg E 1005.3(b) notes that transfers initiated through a computer are covered EFTs.
(b) Electronic fund transfer. (1) Definition. The term “electronic fund transfer†means any transfer of funds that is initiated through an electronic terminal, telephone, computer, or magnetic tape for the purpose of ordering, instructing, or authorizing a financial institution to debit or credit a consumer's account.
Reg E 1005.9 Periodic statements. For an account to or from which electronic fund transfers can be made, a financial institution shall send a periodic statement for each monthly cycle in which an electronic fund transfer has occurred; and shall send a periodic statement at least quarterly if no transfer has occurred.
If you have an internet banking transfer, then you owe the customer a monthly statement.
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