When can a national bank use electronic communication as customer notification for securities transactions? - Carolyn Jones

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When can a national bank use electronic communication as customer notification for securities transactions?
by Carolyn Jones, BOL Guru
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Question: When can a national bank use electronic communication as customer notification for securities transactions?

Answer: When both the bank and customer agree to use electronic instead of hard-copy, have the ability to print or download the notification, the recipient affirms or rejects the trade through electronic notification, the system cannot automatically delete the notification and both parties have the capacity to receive electronic messages.

First published on BankersOnline.com 08/18/03

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