Example Example

In Kruser v Bank of America (1991) 230 CA3d 741, the court held that the bank customers’ failure to timely notify the bank of an unauthorized EFT of $20, which was effected by means of a bank card that the customers assumed was destroyed, relieved the bank of liability for unauthorized transfers totaling more than $9000 approximately seven months later. The subsequent unauthorized transfers could have been prevented if the customers had notified the bank of the first unauthorized transfer within 60 days.