The Electronic Fund Transfer Act of 1978 does not include automatic transfers between a customer's different accounts at the same financial institution.

Name: The Electronic Fund Transfer Act of 1978 does not include automatic transfers between a customer's different accounts at the same financial institution.
Brand: Quizplus
Rating: 4.8 (51 reviews)

Question

Quizplus · Accepted Answer

The Electronic Fund Transfer Act of 1978 only applies to transfers between different financial institutions or entities, not to transfers between accounts within the same institution.

The Electronic Fund Transfer Act of 1978 Does Not Include