Individuals have no expectation of privacy for original checks and deposit slips.

Question

Quizplus · Accepted Answer

According to the Electronic Funds Transfer Act and federal regulations, individuals have no expectation of privacy for original checks and deposit slips. This means that banks are allowed to retain and use this information for their own purposes, including verification and fraud prevention. However, banks are required to protect personal information and maintain the security of their customers' accounts.

Individuals Have No Expectation of Privacy for Original Checks and Deposit