E Trade Account Verification Process

Summary

Banks in Tennessee can use fraud prevention measures, but a four-way call for check verification is uncommon. Contact the Tennessee Department of Financial Institutions for guidance or file a complaint if needed.

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Tennessee.
In Tennessee, banks are regulated by both state and federal laws. While it's not common for a bank to require a four-way call, they may have specific fraud prevention methods. You may want to:
- Contact the Tennessee Department of Financial Institutions for guidance.
- Review E-Trade's terms and conditions regarding account verification.
Is there any other specific detail about the check or the situation you'd like to share?
Is it legal
In Tennessee, while banks have the authority to implement fraud prevention measures, the requirement for a four-way call seems unconventional. Generally, banks have less intrusive methods to verify checks. You might consider:
- Asking E-Trade for a written explanation of the procedure.
- Filing a complaint with the Tennessee Department of Financial Institutions if you believe the procedure is unreasonable.
Would you like more information on how to file a complaint?