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Yvette Received Her Bank Statement on Monday

Question 34

Multiple Choice
Yvette received her bank statement on Monday.On the following Friday,she noticed an omitted transfer and called the bank informing it of the error.Which statement is correct?

Yvette received her bank statement on Monday.On the following Friday,she noticed an omitted transfer and called the bank informing it of the error.Which statement is correct?


A) If the bank finds the error within ten days, the bank must recredit the account, including interest, within one business day of the discovery.
B) If within 10 business days, the bank finds there was no error, the bank must give the customer a full explanation in writing within three business days of the finding.
C) If the bank cannot complete its investigation within 10 business days, it must provisionally credit the account pending the termination of the investigation, which must be completed in 45 calendar days.
D) All of the above.

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