Reg E Preauthorized Transfers

Course Number: ABA

Course Code: ABA

Explains the requirements to authorize a preauthorized electronic fund transfer from a consumer’s account. Describes compulsory use and the stop payment of a preauthorized electronic fund transfer, including notification to the bank orally or in writing.

After completing this course, students will be able to:

– Define a preauthorized transfer
– Clarify the stop payment rules applicable to preauthorized transfers from an account
– Explain the disclosure requirements for preauthorized transfers​

Audience: Any frontline or back office personnel responsible for managing preauthorized transfers including direct deposit.​​​​

Prerequisites: n/a

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Member Price: $35.00
Non-Member Price: $55.00
Textbook Charge: $0.00

Credits: ICB: 0.25 CFSSP, CRCM

Length: 15 minutes

ABA Training