Consumers are protected by Regulation E, a regulation put forth by the Federal Reserve Board, that limits a consumer’s liability for unauthorized electronic funds transfer (EFT) transactions. In general, an EFT is unauthorized if all 3 of the following apply:
  • A person other than the account holder initiated the EFT
  • The account holder did not authorize the EFT
  • The account holder did not receive any benefit from the transaction
Regulation E was put in place to protect you, but keeping your debit and credit cards safe is important. That’s why we only provide cards with chip readers and paperless statements. Read more about card security tips below: