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#2303377 - 11/18/24 03:03 PM Deposit Rate Increase/Contract Employee
Banker75 Offline
100 Club
Joined: Sep 2021
Posts: 133
Management has asked if the bank would be able to provide a rate increase to a contract employee. I would think this would be prohibited as to me they are still an employee of the bank; however, I wanted to ensure that I was thinking correctly.

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#2303382 - 11/18/24 03:29 PM Re: Deposit Rate Increase/Contract Employee Banker75
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 85,277
Galveston, TX
If you are a National Bank or a member of the Fed, I would not want to have to explain the difference between an actual employee and a contract employee to an examiner.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2303383 - 11/18/24 03:39 PM Re: Deposit Rate Increase/Contract Employee Banker75
Banker75 Offline
100 Club
Joined: Sep 2021
Posts: 133
I would agree but needed some confirmation as it is not always easy to get management to see things from my perspective. Thank you rlcarey.

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