# Electronic Fund Transfers
> **US Federal Reserve System** · Interim final rule; request for public comment. · Published 2006-01-10 · Effective 2007-07-01 · 71 FR 1473
## Document
- **Document number:** E5-8317
- **Category:** final-rule
- **Agency:** US Federal Reserve System
- **Federal Register citation:** 71 FR 1473
- **CFR reference:** 12 CFR 205
- **Publication date:** 2006-01-10
- **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. The commentary interprets the requirements of Regulation E to facilitate compliance primarily by financial institutions that offer electronic fund transfer services to consumers. The interim final rule provides that payroll card accounts established directly or indirectly by an employer on behalf of a consumer to which electronic fund transfers of the consumer's salary, wages, or other employee compensation are made on a recurring basis are accounts covered by Regulation E.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2006/01/10/E5-8317/electronic-fund-transfers)
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