Most Popular Operations Content
Foreign Account Holder - No TIN
11/12/2007
We have a foreign individual who does not have a TIN. This individual now has a DBA. Is a TIN required for the business or do we use a W-8?
Handling Business Checks
11/12/2007
What is the recommended procedure for handling checks made payable to a business that are returned NSF? We currently make a bank official check made payable to the business when the funds become available.
Time Frame for Returning a Stale-dated Check
11/12/2007
What is the time frame for returning a stale-dated check if it has already been cleared through the customer’s account and then we are notified by the customer that it was stale dated?
Check Card Contest
11/05/2007
I drove by a bank and saw a sign saying that if you used [name of bank withheld]’s check card you were automatically entered into a sweepstakes to win cash. The more times you use their card for purchases the better your chances of winning. I was under the impression that anyone had to be allowed to enter into a contest even non-customers. If I don’t want to get a check card from that particular bank and they don’t offer another alternative to entering the contest to win cash (example: filling out a card for a drawing) how can they do this? Are they breaking the law?
HELOC Visa Referral and Rewards Program
11/05/2007
We are looking into setting up a referral and rewards program for our HELOC Visas. We would like to both give our members a $50 gift card upon closing of a HELOC, as well as pay out $50 gift cards for referrals that end up booking. I hear different stories about limitations being either $25 or $600. Are there limitations? What would the dollar amount be?