I was recently told that Rep Payees for veterans specifically, were restricted from having transfer capability via an online banking profile. Is that correct, and if so, when did that go into effect and where is that rule?
When a fraudulent check is presented for payment after the account is closed, is it returned as 'fraud'?
What is your opinion of offering a checking account that offers add-on third party benefits as a feature of the account? Customers are only able to obtain the add-on services if they buy the account and pay the service charge disclosed for this product.
We have independent ATM owners as customers. Should we classify them as high-risk?
Our bank charges a telephone transfer fee. This was a new fee added recently. According to Reg E Section 1005.7(b)(5), we must disclose any fees for EFTs or the right to make transfers. I wasn't sure if the fees described in Reg DD applied to this type of transfer fee. Would we need to disclose this fee 21 days prior to the change?