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#270719 - 11/03/04 09:03 PM Reissuing CD's
Anonymous
Unregistered

What is your practice? If someone withdraws from a CD or deposits to a CD, at maturity or during the grace period, do you reissue a new CD with a new account number for the new amount?

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Operations Compliance
#270720 - 11/03/04 09:17 PM Re: Reissuing CD's
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 85,060
Galveston, TX
That is purely an operational decision that would be mainly based on your deposit platform system. As most CDs are nothing more than a piece of paper that serves as a receipt, I don't know why issueing a new number would be that important.
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