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#95223 - 07/08/03 09:08 PM Reg CC New Account
Anonymous
Unregistered

I understand if a person is a signer on a corporate account and that person has no other relationship with the bank and they open a personal account that the personal account would be subject to the new-account exception rule.

What if a person has an existing DBA account with the bank and he/she opens a personal account, is the personal account subject to the new-account exception?

My first thought was no.
The personal account would not be subject to the new-account exception. This individual is using their name and SSN on the DBA. Am I incorrect??

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Operations Compliance
#95224 - 07/09/03 02:54 AM Re: Reg CC New Account
JacF Offline

Power Poster
Joined: Nov 2001
Posts: 6,719
PA
I agree with your assessment. The person with the DBA account is the owner of the account, and thus, an existing customer.

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