Rule for Listing Acct. Number on Bank Mailings

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Question:

Are we legally required to list the complete account number on any bank mailing (overdraft notices, statements or any correspondence to a customer)? Are we allowed to suspend the first 5 of our 10 digits?

Answer:

The only requirement that I'm aware of that requires the full account number is the statement requirement under Regulation E. Even in that case, in my opinion, your bank would not risk a violation citation if it truncated all but the last five (or four) digits, given today's increased concerns about information security.

First published on BankersOnline.com 10/3/11