Electronic Funds Transfer Act definition

Electronic Funds Transfer Act means the law passed by the US congress in 1978, which set out the rights and obligations of consumers and their financial institutions regarding the use of electronic systems to transfer funds. This act is implemented in the Federal Reserve Bank's Regulation E.
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Electronic Funds Transfer Act means the transfer of funds from a Customer's account through a Computer System operated by the Company. Employee, either in singular or plural, means any natural person whose labor or service is or was engaged and directed by the Company including any: 1) past, present, future, part‐time, seasonal or temporary employees; and 2) volunteers and interns acting in the capacity of an Employee. Employee also includes Leased Employees but does not include Independent Contractors.
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Electronic Funds Transfer Act means Public Law 95-630, as amended, and any regulations promulgated thereunder.
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Examples of Electronic Funds Transfer Act in a sentence

  • By executing this Agreement, You acknowledge Your awareness that certain disclosures required by the Electronic Funds Transfer Act and its regulations are available for Your review at the Company’s website:www.abcfitness.com under Terms of Service.

  • Certain transfers of funds in or out of your Accounts are governed by federal Regulation J, rules of the National Automated Clearing House Association (NACHA), or the Electronic Funds Transfer Act.

  • The resulting fee transaction if debited as an EFT from a consumer account is covered by the Electronic Funds Transfer Act and this disclosure.

  • This type of EFT transaction involving a consumer account is covered by the Electronic Funds Transfer Act and this disclosure.

  • We may accept payments to and debits from your Account that have been transmitted through one or more ACH transactionsthat are not subject to the Electronic Funds Transfer Act.

  • With respect to wire transfers or other transfers of funds not governed by the Electronic Funds Transfer Act, you agree to enter into and comply with our wire transfer (if applicable) agreement and to comply with our security procedures and this section.

  • When a merchant re-presents a check electronically, that transaction is not covered by the Electronic Funds Transfer Act or this disclosure.

  • If a merchant electronically re-presents a check returned due to insufficient or uncollected funds, that transaction is not covered by the Electronic Funds Transfer Act.

  • By executing this Agreement, You acknowledge Your awareness that certain disclosures required by the Electronic Funds Transfer Act and its regulations are available for Your review at the Company’s website:www.abcfinancial.com under terms and conditions.

  • If a merchant electronically collects a fee associated with the re-presentment of a check, the fee transaction is covered by the Electronic Funds Transfer Act and subject to the Electronic Funds Transfer Agreement and Disclosures if the fee is debited as an electronic funds transfer from a consumer account.


More Definitions of Electronic Funds Transfer Act

Electronic Funds Transfer Act means 15 U.S.C. §§ 1693 et seq. as amended from time to time.
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Electronic Funds Transfer Act means Federal law at 15 U.S.C. 1601 et seq.  “Enhanced Account Analysis” is the billing method where Service fees are combined into one monthly statement and deducted from your designated billing account.
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Electronic Funds Transfer Act. Error Resolution Applicability: The following Regulation "E" (Electronic Fund Transfer Act) disclosure was provided to you when you opened an account that may have electronic transactions conducted (e.g. ATM or Debit Card or Automatic Deposit). This disclosure is also provided in this Agreement to inform you how to contact us in the event you detect an error has occurred when viewing your account(s) transaction statements while viewing on-line through Online Banking. Unauthorized Transfers
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Related to Electronic Funds Transfer Act

  • Electronic act means the creation or transmission originated on or off the schoolsite, by means of an electronic device, including, but not limited to, a telephone, wireless telephone, or other wireless communication device, computer, or pager, of a communication, including, but not limited to, any of the following:

  • Electronic Fund Transfer means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone or other electronic device capable of communicating with such financial institution, wire transfers, and automated clearinghouse transfers.

  • Electronic Version/Copy means a digital form consisting of text, images or both readable on computers or other electronic devices that includes all content that the Original and Hard Copy proposals contain. The digital form may be submitted using a compact disc (cd) or USB flash drive. The electronic version/copy can NOT be emailed.

  • Electronic Record and “Electronic Signature” shall have the meanings assigned to them, respectively, by 15 USC §7006, as it may be amended from time to time.