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#1932378 - 06/13/14 03:14 PM Refunding NSF fees on EFT claims
Melissa Martinez Offline
Junior Member
Joined: Sep 2012
Posts: 49
If an EFT claim cannot prove transactions were authorized and NSF/OD charges resulted from the transactions, is a Bank required to refund the fees? I know it is something that we would do for our customers; however I was asked if it is a requirement under the Reg. Thanks!

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#1932423 - 06/13/14 03:58 PM Re: Refunding NSF fees on EFT claims Melissa Martinez
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
Check out Regulation E Comment 11(c)-6.
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John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
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#1932437 - 06/13/14 04:12 PM Re: Refunding NSF fees on EFT claims Melissa Martinez
Melissa Martinez Offline
Junior Member
Joined: Sep 2012
Posts: 49
Thanks!

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