Regulation E: Electronic Fund Transfers

Any transfer of funds that are initiated through an electronic terminal, telephone, computer, or magnetic tape for the purpose of ordering, instructing, or authorizing a financial institution to debit or credit a consumer's account. The term includes, but is not limited to:

• Point-of-sale transfers;
• Automated teller machine transfers;
• Direct deposits or withdrawals of funds;
• Transfers initiated by telephone;
• Transfers resulting from debit card transactions, whether or not initiated through an electronic terminal;
• Electronic check conversion, whereby you may authorize a merchant or other payee to make a one-time electronic payment from your checking account using information from your check to pay for purchases or pay bills; and
• Electronic returned check charge, whereby you authorize a merchant or other payee to initiate an electronic fund transfer to collect a charge in the event a check is returned for insufficient funds.

• Checks;
• Check guarantee or authorization;
• Wire or other similar transfers through Fedwire;
• Securities and commodities transfers;
• Automatic transfers by account-holding institutions;
• Any preauthorized transfer to or from an
  account if the assets of the account-holding financial institution where $100
  million or less on the preceding December 31 and
• Telephone-initiated transfers. Any transfer of funds that:
  • Is initiated by a telephone communication between a consumer and a financial institution making the transfer; and
  • Does not take place under a telephone bill-payment or other written plan in which periodic or recurring transfers are contemplated.