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#2110809 - 12/14/16 07:37 PM QwikRate Program
PegH Offline
Member
Joined: Jul 2016
Posts: 61
I'm not real familiar with the "QwikRate Program" is there any CIP requirements when doing these accounts?

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#2110824 - 12/14/16 08:32 PM Re: QwikRate Program PegH
Doug Hendrickson Offline
Power Poster
Doug Hendrickson
Joined: Oct 2009
Posts: 3,927
It depends on the types of customers to whom you are offering the service. We typically limit our participation to other banks, which are not 'customers' for CIP purposes (I would also reemphasize in your policy that you do not subject those entities to CIP.
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I hear and I forget. I see and I remember. I do and I understand.--Confucius

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