Electronic funds transfers' requirements say that transfers that vary in amount must be communicated to the designated payee within _______________ before the scheduled transfer or may give the consumer the option of receiving notice only when a transfer falls outside a specified range of amounts.

Question

Quizplus · Accepted Answer

Electronic funds transfers' requirements state that transfers that vary in amount must be communicated to the designated payee at least 10 days before the scheduled transfer. This gives the consumer enough time to review and confirm the transfer amount before it is made. Therefore, option A is the correct choice.

Electronic Funds Transfers' Requirements Say That Transfers That Vary in Amount