What is the significance of bank statements to an electronic fund transfer customer?
What will be an ideal response?
A bank must provide a monthly statement to an electronic funds transfer customer at the end of the month in which the customer conducts a transaction. The statement must include the date and amount of the transfer, the name of the retailer, the location and identification of the terminal, and the fees charged for the transaction. Bank statements must also contain the address and telephone number where inquiries or errors can be reported. The statement can be provided electronically by the bank. A bank is liable for wrongful dishonor when it fails to pay an electronic funds transfer when there are sufficient funds in the customer's account to do so.
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Indicate whether the statement is true or false
Which of the following is not a step in the data-preparation process?
A) editing B) select a sampling technique C) transcribing D) data cleaning