Under the Electronic Fund Transfer Act (EFTA), the operators of electronic fund transfer (EFT) systems are given a maximum of thirty (30) calendar days to investigate errors or provisionally recredit the customer's account.

Question

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Under the Electronic Fund Transfer Act (EFTA), financial institutions generally have up to 10 business days to investigate errors reported by consumers on EFTs and must provisionally recredit the consumer's account (if not resolved) within that time for the amount in question, except that this period may extend to 45 days for new accounts, foreign transactions, or point of sale transactions.

Under the Electronic Fund Transfer Act (EFTA), the Operators of Electronic