Which statement is true regarding a transfer scheduled in advance?

The statement that a provider may include a receipt on the periodic statement for transfer funds held in an account by the provider is accurate. This practice aligns with regulatory requirements that permit providers to consolidate disclosures and reporting for ease of tracking transactions.

When a periodic statement is issued, it can serve multiple purposes, such as summarizing account activity, including transfers that were executed on behalf of the customer. By incorporating the transfer receipt into the periodic statement, it not only reduces the number of separate documents a customer receives but also provides an efficient way for customers to see all their financial activities at a glance.

The other options lack the same degree of compliance with usual practices regarding receipts. For instance, while some statements address requirements for receipt timing or frequency, they do not capture the flexibility allowed in presenting information through periodic statements as this choice does. This reflects a broader understanding of how financial institutions can communicate effectively with their customers while fulfilling regulatory obligations.