Telephoning is the best way of keeping your possible losses down. Tell us at once if you believe your card and/or code has been lost or stolen, or if you believe that an electronic fund transfer has been made without your permission using information from your check.In general, these protections are extended to consumers and consumer accounts.Under the consumer protections provided under Regulation E you may be able to recover internet banking losses according to how soon you detect and report them. These rules cover all kinds of situations revolving around transfers made electronically. Banks follow specific rules for electronic transactions issued by the Federal Reserve Board known as Regulation E. The primary objective of the act and this part is the protection of individual consumers engaging in electronic fund transfers. Regulation E establishes the basic rights, and responsibilities of consumers who use electronic fund transfer services and of financial institutions that offer these services. Below are areas that you may find helpful to assist in maintaining online safety while utilizing the internet: Electronic Funds Transfer Act We want to help our customers to better protect themselves in the current online banking environment. Cyber Security Customer Awareness ProgramĪs internet usage is expanding it is increasingly important to know how to take steps to protect yourself from becoming a victim of fraud and identity theft.
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