Because the fund transfers involved less than $10,000, the banks did not have to file a report with Federal officials.

Even with electronic money, of course, it was possible to trace a fund transfer.

He got her e-mail address and promised to send a fund transfer first thing in the morning.

His lawyer friend, the recipient of the electronic fund transfers.

But if the thief used an electronic fund transfer, federal law applies.

Financial institutions will be required to report any electronic fund transfer exceeding $10,000.

This activity occurred until 2003, when the bank finally closed the account following over three years of suspicious fund transfers.

Securities buyers can also use electronic funds transfers or bank by computer, she added.

This includes credit cards, electronic fund transfers, and even paper checks.

Direct deposit by electronic funds transfer made its debut, as a service of several California banks.