Skip to content
 

Latest Operations - Fee Income Topics

Collect for Processing a Levy Time Frame

12/26/2021

Is there a time frame as to when we should collect for processing a levy? Is it best to collect the fee when the bank receives notice of the levy or should the bank collect the fee after the 21 day period?

Unfair or Deceptive: New Warnings from OCC

10/01/2004

In Advisory Letter 2004-10, the Comptroller of the Currency advises national banks on credit card marketing and account management practices that may be unfair or deceptive.

Noncustomer Purchase of Official Check

12/15/2003

Can a noncustomer purchase a bank check or cashier's check? If so, how are SARs or CTRs filed without all their personal information known. I can see this as a loophole to try and launder money.

Dormant Fees on Official Checks

11/03/2003

Can a bank charge a dormant fee on offical bank checks (ex. money orders)? And would we have to pay the customer or state the full amount of the cashier's check?

Daily Limit On NSF Charges?

08/11/2003

Is there a daily limit on the number of NSF fees we can charge against a customer's account? For example, if they have 10 NSF checks in one day, can we charge 10 fees?

Statistics, Facts & Such

07/01/1995

As of the beginning of 1995, 11% of teller stations in community banks are run on a completely manual system. 60% have 'dumb' automation, and 29% have intelligent machines.

Most Popular Operations Content

Credit bureau checks for new accounts

11/17/2024

What types of accounts does a financial institution need prior authorization for from a client before running Chexsystems? How does a financial institution have to notify a client that they are going to run Chexsystems? Regarding business clients - we run biz Chexsystems on the business and the beneficial owner, correct? How do we have to notify them that we are pulling their credit to determine if we can open a new account?

Banking a sole proprietorship insurance agency

11/17/2024

When banking an insurance agency that handles only cash deposits, what documents are required? Do we have to obtain their contract agreement, if they are a sole proprietorship and are licensed with multiple agencies? I am located in Georgia and regulated by the OCC.

Powers of an authorized signer on a trust account

11/10/2024

A trustee has appointed an authorized signer (not a successor trustee in this case) to their trust. The trust documents give them the power to do this. If the trustee who appoints the authorized signer dies, when do the powers of the authorized signer cease? At the time the trustee's death, or when new trust documents are drafted by the successor trustee(s)?

Pages

Search Topics

Operations Topics

Operations Related