06/18/2012
We have members that have not used their over draft protection (odp) as far back as we can go on the system, their checking, and savings accounts are dormant. Do we need to send an adverse action when we close their overdraft protection(odp)?
04/30/2012
Is there a regulation or law that dictates an inactive fee assessed on Savings accounts that have had no activity for a 12 month period of time? Or is this just a bank by bank case study?
04/30/2012
If ITF is only for savings accounts, what happens to checking account when the owner is deceased?
01/23/2012
I feel that my bank's operations unit has misinterpreted the Reg D provision limiting the number of transfers. They read the cycle to include quarterly statements on savings accounts and limit the six transfers per quarter not monthly. The depositor is permitted or authorized to make up to six transfers or withdrawals per month or statement cycle of at least four weeks.
01/23/2012
When a customer has had their 3rd violation of Reg D and the bank is going to close the account, do we need to give the customer notice before the account is actually closed or can we just send them the final violation letter notifying them that it is closed and the account balance is enclosed or transferred to an account?
12/05/2011
If we create a new product to pay interest on business checking accounts after July 21, 2012, will these accounts be subject to transaction limitation?
10/31/2011
Our Bank has discontinued UTMA Passbook savings accounts. Now, all UTMA savings must be statement savings accounts. Apparently, someone read that an UTMA account must receive a statement. Can UTMA accounts be passbook accounts?
10/10/2011
What is the number of days that you can place a check on hold in a savings account?
07/26/2010
Reg CC regulates the holds we place on transaction accounts. What about savings accounts? Is there guidance on whether we can place a hold and for how long?
06/14/2010
I recently read that Regulation CC does not apply to money market and savings accounts. Does that then mean that a bank cannot put a hold on a check that is deposited into a money market and savings account? Also, what about the new account rule under Regulation CC? Does that mean that we cannot put additional holds on items under the new account exception? If we put exception or case-by-case holds on checks deposited in money market and savings accounts, would that be a violation?