04/16/2007
For an account which electronic fund transfers can be made, may the bank send a notice each time with the date, amount, source and account number and not the other information that would be on the monthly statement as opening and closing balance in place of a periodic statement for each monthly cycle in which an electronic fund transfer has occurred? In particular, on a savings account that is normally sent a quarterly statement when no EFT activity has occurred, will the notice mentioned above suffice for a direct deposit to the account in place of the monthly statement?
11/06/2006
My credit union wants to limit cash withdrawals during a disaster. I want to put that in our disclosure - do you have the wording I need to do so?
07/17/2006
We cash payroll checks for one of our business customers. The employees of this company are not our customers. Do we need to do an OFAC screen on each of these workers when they come to our bank to cash their payroll checks?
06/05/2006
If a minor account is opened using the child's social security, titled beneficiary (the minor) by custodian, what happens to the funds if the custodian passes away?
01/16/2006
Is my institution required to perform OFAC verification on cashier's checks?
12/01/2005
- Nearly a third of victims surveyed blamed their compromised IDs on the Internet, where they think their information was exposed to hackers.
12/01/2005
When it comes to appealing to the nation's 22 million unbanked people, banks have some stiff competition. One of those competitors is a fairly new source - plastic payroll cards.
11/01/2005
Question: Our question has to do with money market accounts and the limited transactions per month. We were addressing Internet banking.
08/01/2005
A new type of scam that targets properties in distress has been identified in several states where pricing "bubbles" mean house prices have surpassed many people's ability to keep up with house pay
07/01/2005
- In a 2004 report, Gartner estimated that 57 million people had received online Phishing attacks, costing banks and credit-card issuers over $1.2 billion in 2003 alone.