Unauthorized Transfer

The illegal transfer of funds without permission from the person or company who owns the funds. Unauthorized transfers can be fairly basic; for example, one may steal and use a debit card. Often, however, unauthorized transfers involve using computer programs to find a person's financial information and conduct large transactions with that person's money. The person who owns the funds is responsible for the loss of the first $50 if he/she informs the bank within 60 days. Otherwise, he/she is responsible for the first $500. See also: Identity theft.

单词	unauthorized transfer
释义	Unauthorized Transfer Unauthorized Transfer The illegal transfer of funds without permission from the person or company who owns the funds. Unauthorized transfers can be fairly basic; for example, one may steal and use a debit card. Often, however, unauthorized transfers involve using computer programs to find a person's financial information and conduct large transactions with that person's money. The person who owns the funds is responsible for the loss of the first $50 if he/she informs the bank within 60 days. Otherwise, he/she is responsible for the first $500. See also: Identity theft.
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