Electronic funds transfers' requirements say that transfers that vary in amount must be communicated to the designated payee within _______________ before the scheduled transfer or may give the consumer the option of receiving notice only when a transfer falls outside a specified range of amounts.
The requirements for electronic funds transfers state that when transfers vary in amount, the designated payee must be notified at least 10 days before the scheduled transfer. This is to ensure transparency and allow the consumer to manage their finances effectively or provide an option for the consumer to receive notice only when a transfer falls outside a specific range of amounts.
The correct answer is A. 10 days. For electronic funds transfers that vary in amount, the rule requires that the payee (or the financial institution responsible for executing the transfer) must communicate with the