Most Popular Operations Content
Free Checking Do's & Don'ts
10/15/2007
Believe it or not, we do not have free checking yet. We have realized the need to put together a free checking account - not specific to age - and we are wondering what are the can do's, have to do's, and the don't do's are with establishing such an account. Your thoughts are appreciated.
DDA Advertisement - Rate of Return
10/15/2007
I am reviewing an advertisement for a checking account in which the rate of return is a percentage of the Prime Rate. The current ad discloses the 3 tiers but not the current rate of return. For example, for balances of $100,000 and greater, the rate of return is 50% of Prime. Should the ad be changed to include the current rate of return as an APY and then include in the body of the ad that the rate of return is based on a percentage of Prime?
RESPA Ad on Contractor's Website
10/15/2007
A contractor for a subdivision is creating a website for the subdivision and wants to know if the bank would be interested in putting a general bank ad on financing lots or homes on this website. Is this ok in light of RESPA?
POA No Longer Wants the Responsiblity
10/15/2007
We have a customer who is a POA for another customer. This POA no longer wants the responsibility and wants to be removed from any and all accounts. What is the bank's responsibility?
Authorized Signers & Convenience Signers
10/15/2007
Are authorized signers and convenience signers the same?