Advertise as a Free Checking Account?

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Question:

We are discussing changing our free checking account to include eStatements as a requirement of the account. To request paper statements would create a monthly fee. Can we still advertise this as a free checking account?

Answer:

Yes, you can, because you are offering a free account. Just be certain that the bank is following the requirements of the E-SIGN Act in signing customers up for the e-statements.

First published on BankersOnline.com 11/16/09