Looking for clarification regarding deposits of cash or checks through an ATM.
The following is confusing:
205.3(c) Exclusions from coverage. (1)Checks. Any transfer of funds originated by check, draft, or similiar paper instrument; or any payment made by check, draft, or similiar paper instrument at an electronic terminal.
Supplement I to Part 205 Official Staff Interpertations
Section 205.3 -- Coverage
3(b)Electronic Fund Transfer
1. Fund transfers covered. The term electronic fund transfer includes: i A deposit made at an ATM or other electronic terminal (including a deposit in cash or by check) ......
Are checks & cash excluded from E coverage or as the commentary indicates, covered? Help, please.
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