Sample Letter To Restrict ATM Card Usage - Andy Zavoina

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Sample Letter To Restrict ATM Card Usage
by Andy Zavoina, BOL Guru
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Question: If an ATM/debit card holder is handling their account badly we restrict their card usage. I am looking for a sample letter to send to our ATM cardholders to notify them of our actions. Do you have any suggestions where I could find one? Are there any other documents we need to complete for our records?

Answer: Because you will be restricting the use of the access device, 205.8(a) will require advance notice (21 days) before your restrictions can take place.

Crafting a letter to this effect, stating why, should not be too difficult. I don't know of any templates available.

First published on BankersOnline.com 8/18/03

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