Document background
The Printed Electronic Deposit Receipt is a fundamental banking document required under U.S. federal regulations for documenting deposit transactions. It emerged with the evolution of electronic banking and must comply with various federal regulations including Regulation E and the E-SIGN Act. This document typically includes transaction details, account information, deposit amount, funds availability notice, and may include hold notices when applicable. It serves multiple purposes: providing immediate transaction confirmation, maintaining regulatory compliance, facilitating dispute resolution, and establishing an audit trail. The receipt is particularly crucial in modern banking where electronic transactions have largely replaced paper-based systems.
