Regulation E: Preauthorized Transfers

Regulation E: Preauthorized Transfers is an elearning course that examines what Regulation E has to say about these types of repetitive, electronic transfers. A preauthorized electronic fund transfer is an EFT authorized in advance to recur at regular intervals. It could either be a credit to, or a debit from, an account. Examples would include your paycheck getting directly deposited, or funds withdrawn automatically to pay your monthly water bill. In this course, we’ll review the rules for when money is transferring either to or from a consumer’s account. We’ll also talk about stopping payments and notice of transfers in varying amounts.

Part of the series about the Financial Reserve’s Regulation E, this course consists of a video followed by a quick multiple-choice quiz that will test your comprehension. A downloadable reference document is also included for an easy review of key information from the lesson.