There is no error in an error in EFT when there is situation as:
There is no error in an error in EFT when there is situation as:
An error in an Electronic Funds Transfer (EFT) is not considered to have occurred under certain circumstances. Specifically, the reversal of a direct deposit made in error is not deemed unauthorized if the deposit was incorrectly made to the wrong account, duplicated, or credited with the wrong amount. Additionally, a request for duplicate copies of statements is classified as a routine inquiry rather than an error in the EFT process.
An error in an Electronic Funds Transfer (EFT) typically doesn't occur when there's a request for duplicate copies of statements. This is considered a routine inquiry rather than an error in the EFT process. Options A, C, and D describe situations that might involve errors in EFTs: Option A discusses situations involving incorrect or duplicate direct deposits, which could indeed be considered errors. Option C addresses a failure to receive a receipt for a transaction, which could be an error depending on the circumstances. Option D mentions a returning request for information for tax or recordkeeping purposes, which could also involve an error in the EFT process.
A, B, D, page, 634. See below. An error is not one of the following: a. The reversal of a direct deposit made in error is not considered an unauthorized EFT if the deposit was made to the wrong customer’s account, a duplicate was made to the customer’s account, or a credit was made in the wrong amount b. A routine inquiry about an account balance c. A request for duplicate copies of statements d. A request for information for tax or recordkeeping purposes e. The failure to receive a receipt from an electronic terminal when the transaction amount is $15 or less