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Dates In A Deposit Account Periodic Statement

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Question: 
Does the bank have to include dates in a deposit account periodic statement?
Answer: 

It depends on what dates you are talking about. You'll need to look at both Reg DD section 1030.6 and Reg E section 1005.9(b) to see the periodic statement regulatory disclosure requirements. Under Reg DD, you must include either the number of days in the statement period or the beginning and ending date of the period. Under Reg E, you must include the date for any electronic transfer conducted during the statement period. As a best practice, I think most systems almost universally provide dates of every transaction in a periodic statement.

First published on 01/20/2019

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