For many people electronic banking means 24 hour access to cash through an automated teller machine atm or direct deposit of paychecks into checking or savings accounts but electronic banking involves many different types of transactions rights responsibilities and sometimes fees do your research. The electronic fund transfer act or regulation e was created to protect consumers when they are transferring money electronically or banking online learn more about how efta protects you your money. Protection from electronic banking fraud and errors federal law and payment networks offer help paper checks that were converted to electronic checks transfers between your bank accounts you might forfeit your rights more or less protection . Example your bank can send personal information to outside firms that help market the institutions products handle its data processing for your loan payments checking account statements electronic banking transactions or credit card purchases or mail account statements. However due to the unique characteristics of such systems the application of existing consumer protection legislation is unclear leaving the rights and liabilities of consumers financial institutions and intermediaries in electronic fund transfers undefined
How it works:
1. Register a Free 1 month Trial Account.
2. Download as many books as you like ( Personal use )
3. No Commitment. Cancel anytime.
4. Join Over 100.000 Happy Readers.
5. That's it. What you waiting for? Sign Up and Get Your Books.