When Is an Unauthorized Electronic Funds Transfer Claim Time Barred? Navigating Through Article 4A's Repose and Limitation Periods

If a bank accepts an unauthorized order, the bank must refund the payment to the customer with interest. The bank has a few key defenses, including that the customer failed to timely object to the order. This article focuses on the timing of the customer’s objection. In order to preserve its claims, by when must the customer object to the disputed transaction or bring a lawsuit?

READ: When Is an Unauthorized Electronic Funds Transfer Claim Time Barred? Navigating Through Article 4A's Repose and Limitation Periods