Which letter regulations apply to money market deposit accounts (MMDAs) opened by an internal Trust Department that also manages/invests the account activity via an agreement with the trust owner and the Trust Department? [ex. Reg O, Reg DD, Reg D] The customer does not transact on the account and the Bank sponsored Money Market is a product of an omnibus Internal Bank DDA Account.
Can a Cooperative have an interest bearing checking account?
Are there any informational posters available that state customer guidelines for drive-up We have so many that try to make multiple wd/loan/deposits etc and do not have any paper work available. We were wondering if others have had the same problem and have developed materials stating the guidelines.
Do we need to confirm that our commercial wire transfer clients have controls in place to prevent wire transfer fraud?
Can information-sharing help prevent wire-transfer losses?
Is my customer’s W-8BEN valid?
marIt’s been about five years since we updated our Red Flags program. Do you think we’re still okay?
Will we have to make our prepaid account agreements public?
If properly endorsed, could a check made payable to an individual be deposited into the individuals business account that is not a dba?
What are the requirements needed to open an estate account?