# Electronic Fund Transfers
> **US Federal Reserve System** · Final rule. · Published 2006-08-30 · Effective 2007-07-01 · 71 FR 51437
## Document
- **Document number:** 06-7223
- **Category:** final-rule
- **Agency:** US Federal Reserve System
- **Federal Register citation:** 71 FR 51437
- **CFR reference:** 12 CFR 205
- **Publication date:** 2006-08-30
- **Effective date:** 2007-07-01
- **Docket:** Regulation E
## Abstract

The Board is amending Regulation E, which implements the Electronic Fund Transfer Act, and the official staff commentary to the regulation, which interprets the requirements of Regulation E. The final rule provides that Regulation E covers payroll card accounts that are established directly or indirectly through an employer, and to which transfers of the consumer's salary, wages, or other employee compensation are made on a recurring basis. The final rule also provides financial institutions with an alternative to providing periodic statements for payroll card accounts if they make account information available to consumers by specified means.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2006/08/30/06-7223/electronic-fund-transfers)
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