Regulation E Protections
Understand your rights and responsibilities when it comes to electronic fund transfer systems for consumer and non-consumer deposit accounts.
1. Consumer Deposit Accounts
The Consumer Financial Protection Bureau's Regulation E ("Regulation E") provides a basic framework that establishes the rights, liabilities and responsibilities of participants in "electronic fund transfer" systems. This framework provides consumers with certain protections for personal deposit accounts. A "consumer" means a natural person and, therefore, Regulation E protections apply to consumer accounts established primarily for personal, family or household purposes.
The term "electronic fund transfer" (EFT) generally refers to a transaction initiated through an electronic terminal, telephone, computer or magnetic tape that instructs a financial institution either to credit or debit a consumer's deposit account. Examples of electronic fund transfers include automated teller machine (ATM) transactions, point-of-sale (POS) or purchase transactions done using a debit card and preauthorized transfers from or to an account (such as direct deposits). In addition, transactions performed using M&T Online 黑料不打烊ing services are also covered under Regulation E.
Regulation E has a variety of consumer protections. By example, Regulation E helps protect consumers against losses relating to unauthorized electronic fund transfer(s) involving their M&T personal deposit accounts.
Your Liability for Unauthorized Transfers or Payments: Tell us AT ONCE if you believe your access device, access codes, user identification or passcode has been taken or used without your permission. If you notify us within two (2) business days after you learn of the loss or theft of your account access device, user identification or passcode, the most you can lose is $50 if someone accesses your account through that device. Failure to notify the bank within two business days may result in losses up to $500. Also, if your statement shows EFT(s) that you did not make, tell M&T 黑料不打烊 at once. If you do not tell M&T 黑料不打烊 within 60 days after the statement was mailed or otherwise made available to you, you may not get back any money you lost after the 60 days if M&T 黑料不打烊 can prove that the bank could have stopped someone from accessing your funds if you had told the bank in time.
For more information on the above and regarding other Regulation E protections involving your personal deposit accounts at M&T 黑料不打烊, please refer to the relevant M&T account related agreements, documents and/or disclosures (e.g., the听M&T Digital Services Agreement, M&T 黑料不打烊 General Deposit Account Agreement, and the M&T 黑料不打烊 Electronic 黑料不打烊ing Card and Telephone Transaction Disclosure and Agreement).
If you believe that your user identification, passcode or access codes have been lost or stolen or that someone has made payments, transferred, or may transfer money from your consumer deposit account without your permission, notify us听AT ONCE by:
- Calling us at: 1-800-790-9130
- 鈥媁riting us at: M&T 黑料不打烊, P.O. Box 4627, Buffalo, New York 14240-4627
NOTE: Lending accounts, such as credit cards, may have other protections concerning unauthorized transactions. Please inquire for details. Also, non-consumer deposit accounts offered by M&T 黑料不打烊 (e.g., commercial or business banking customer accounts) are听not听protected by Regulation E.
2. Non-Consumer Deposit Accounts
Any non-consumer deposit accounts offered by M&T 黑料不打烊 (e.g., commercial or business banking customer accounts) are not protected by the Consumer Financial Protection Bureau's Regulation E ("Regulation E"). Please refer to the relevant agreements with M&T 黑料不打烊 (e.g., Commercial Deposit Account Agreement,听, and the Electronic 黑料不打烊ing Agreement for Businesses) for information on rights, liabilities and responsibilities for participants in electronic fund transfers in the non-consumer setting.
