How do I know that the funds deposited to the account I’m adding to Funds Transfer are legitimate and not part of a scam to find an account to defraud?
Regulation E protects customers against fraudulent ACH transactions by giving them 60 days to dispute these claims. The ACH system can also be used by businesses to make small deposits [not withdrawals] to customer accounts. In this case, the Funds Transfer service will ask customers to check statements to confirm dates and amounts before adding accounts to a profile. This protects you against having unauthorized access.
Related Questions
- How do I know that the funds deposited to the account I’m adding to Funds Transfer are legitimate and not part of a scam to find an account to defraud?
- How can I transfer funds between two different account numbers (cross-account transfer) with Online Teller?
- How do I transfer funds from an existing Northern Rock notice Account?
