Skip to content

Protection Under Reg E on ACH Transactions

Answered by: 

We are a non-profit (University). We do several ACH transactions on our checking accounts. Does Reg E or any other EFT Reg cover us in the event of fraud?

Regulation E and the federal Electronic Fund Transfer Act afford protections only to individual consumers. Any protection from fraudulent ACH transactions in your institution's accounts would be addressed in your bank's deposit account contract and/or state laws.

By far the best protection against such fraud is careful attention to safe computing practices, use of dual control features and other practices your bank should encourage, and careful attention to daily transactions in the account.

First published on 1/24/11

First published on 01/24/2011

Filed under: 
Filed under compliance as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics