A transfer from a customer's account that occurs with their permission and from which they receive no benefit is considered unauthorized. Is this statement true or false?

The statement is false because a transfer from a customer's account that occurs with their permission is generally considered authorized, even if the customer does not receive any benefit from the transaction. In the context of financial transactions, authorization indicates that the customer has consented to the transfer, which legitimizes it, regardless of the outcome or benefits associated. If a customer has agreed to the transfer, it cannot be classified as unauthorized. Unauthorized transactions typically refer to those carried out without the consent or approval of the account holder, leading to potential recovery options for the individual affected. Thus, consent is the key factor in determining whether a transaction is authorized or not.